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March 2, 2015 REAL DISPOSABLE INCOME RISES IN JANUARY Personal income rose 0.3 percent in January, the same increase as in December. Wages and salaries, the largest component of personal income, rose 0.6 percent in January after rising 0.1 percent in December. Current-dollar disposable personal income (DPI), after-tax income, rose 0.4 percent in January after rising 0.3 percent in December. Real DPI, income adjusted for taxes and inflation, increased 0.9 percent in January after increasing 0.5 percent in December. Real consumer spending (PCE), spending adjusted for price changes, increased 0.3 percent in January after decreasing 0.1 percent in December. Spending on durable goods increased 0.2 percent in January after decreasing 1.0 percent in December. PCE prices decreased 0.5 percent in January after decreasing 0.2 percent in December. Excluding food and energy, PCE prices increased 0.1 percent in January after increasing less than 0.1 percent in December. Personal saving rate Personal saving as a percent of DPI was 5.5 percent in January and 5.0 percent in December. Nov. Dec. Jan. Personal Income 0.4% 0.3% 0.3% Currentdollar DPI 0.3% 0.3% 0.4% Real DPI 0.5% 0.5% 0.9% Real PCE 0.6% –0.1% 0.3% PCE Prices –0.2% –0.2% –0.5% 5.0% 5.5% Personal Saving Rate 4.5% Percent Change (Monthly Rate) Real Disposable Personal Income and Real Consumer Spending 1.0 0.8 0.6 0.4 0.2 0.0 -0.2 Oct Nov Real Disposable Personal Income Dec Jan 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 March 30, 2015, the estimates of February personal income and outlays will be released. Contact: Jeannine Aversa 202–606–2649 Bureau of Economic Analysis, U.S. Department of Commerce
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