Personal Income Rose 0.4% in November, Spending Rose 0.6%

Washington, DC, December 23, 2021-Personal income increased $90.4 billion (0.4%) in November, according to estimates released by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $70.4 billion (0.4%), and personal consumption expenditures (PCE) increased $104.7 billion (0.6%).

Real DPI decreased 0.2% in November, and Real PCE increased less than 0.1%; spending on services increased 0.5% and spending on goods decreased 0.8%. The PCE price index increased 0.6%. Excluding food and energy, the PCE price index increased 0.5%.