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February 1, 2016 Real Disposable Income Rises in December Personal income increased 0.3 percent in December, the same increase as in November. Wages and salaries, the largest component of personal income, increased 0.2 percent in December after increasing 0.5 percent in November. Personal Income Current-dollar disposable personal income (DPI), after-tax income, increased 0.3 percent in December after increasing 0.2 percent in November. Real DPI, income adjusted for taxes and inflation, increased 0.4 percent in December after increasing 0.2 percent in November. Real consumer spending (PCE), spending adjusted for price changes, increased 0.1 percent in December after increasing 0.4 percent in November. Spending on durable goods decreased 0.7 percent in December after increasing 1.8 percent in November. PCE prices decreased 0.1 percent in December after increasing 0.1 percent in November. Excluding food and energy, PCE prices remained flat in December after increasing 0.2 percent in November. Oct. Nov. Dec. 0.4% 0.3% 0.3% Currentdollar DPI 0.3% 0.2% 0.3% Real DPI 0.2% 0.2% 0.4% Real PCE 0.0% 0.4% 0.1% PCE Prices 0.1% 0.1% –0.1% Personal Saving Rate 5.5% 5.3% 5.5% Personal saving rate Personal saving as a percent of DPI was 5.5 percent in December and 5.3 percent in November. Percent Change (Monthly Rate) Real Disposable Personal Income and Real Consumer Spending 0.6 0.4 0.2 0.0 -0.2 -0.4 Sept Oct Real Disposable Personal Income Nov Dec Real Consumer Spending Source: .ureau of Economic Analysis BEA data—including GDP, personal income, the balance of payments, foreign direct investment, the input-output accounts, and economic data for states, local areas, and industries—are available on the BEA Web site: www.bea.gov. E-mail alerts are also available. NOTE: On February 26, 2016, the estimates of January Personal Income and Outlays will be released. Contact: Jeannine Aversa 202–606–2649 Bureau of Economic Analysis, U.S. Department of Commerce