Inflation Still Low, Personal Incomes Rise

Washington, DC, Dec. 23, 2010 -- Inflation remains low, and personal incomes are up, according to Commerce Department data released Thursday.

Year-over-year core inflation stayed at 0.8% in November, matching the record low reached in the prior month, according to Commerce Department data.

Also Thursday, the Commerce Department said that personal incomes rose 0.3% in November, compared with 0.2% that economists expected.

Spending gained 0.4%, while Wall Street had expected a gain of 0.5%. Real disposable incomes rose 0.2% in November.

The core personal consumption expenditure price index rose 0.1% in November, as expected by economists.

The overall inflation gauge rose 0.1% in November, after a 0.2% gain in October. This overall inflation is up 1% in the past year, the lowest since October 2009.