Personal Income Rose 0.3% in December, Spending Decreased 0.6%

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Personal Income Rose 0.3% in December, Spending Decreased 0.6%

Washington, DC, January 28, 2022-Personal income increased $70.7 billion (0.3%) in December, according to estimates released by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $39.9 billion (0.2%), and personal consumption expenditures (PCE) decreased $95.2 billion (0.6%).

Real DPI decreased 0.2% in December, and Real PCE decreased 1.0%; goods decreased 3.1%, and services increased 0.1%. The PCE price index increased 0.4%. Excluding food and energy, the PCE price index increased 0.5%.