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March 28, 2014 REAL CONSUMER SPENDING RISES IN FEBRUARY Personal income increased 0.3 percent in February, the same as in January. Wages and salaries, the largest component of personal income, increased 0.2 percent after increasing 0.3 percent. Current-dollar disposable personal income (DPI), after-tax income, increased 0.3 percent in February, the same as in January. Real DPI, income adjusted for taxes and inflation, increased 0.3 percent in February after increasing 0.2 percent in January. Real consumer spending, spending adjusted for price changes, increased 0.2 percent in February after increasing 0.1 percent in January. Spending on nondurable goods increased 0.3 percent after decreasing 0.9 percent. PCE prices increased 0.1 percent in February, the same increase as in January. Excluding food and energy, PCE prices rose 0.1 percent in February. Personal saving rate Personal saving as a percent of DPI was 4.3 percent in February and 4.2 percent in January. Dec. Jan. Feb. Personal Income –0.1% 0.3% 0.3% Currentdollar DPI –0.1% 0.3% 0.3% Real DPI –0.3% 0.2% 0.3% Real PCE –0.1% 0.1% 0.2% PCE Prices 0.2% 0.1% 0.1% 4.2% 4.3% Personal Saving Rate 4.1% 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 May 1, 2014, the March estimates of personal income and outlays will be released. Contact: Jeannine Aversa 202–606–2649 Bureau of Economic Analysis, U.S. Department of Commerce