Personal Income Rose 0.4% in November, Spending Up 0.2%

Washington, DC, December 22, 2023-Personal income increased $81.6 billion (0.4% at a monthly rate) in November, according to estimates released by the Bureau of Economic Analysis. Disposable personal income (DPI), personal income less personal current taxes, increased $71.9 billion (0.4%), and personal consumption expenditures (PCE) increased $46.7 billion (0.2%).

The PCE price index decreased 0.1%. Excluding food and energy, the PCE price index increased 0.1%. Real DPI increased 0.4% in November, and real PCE increased 0.3%; goods increased 0.5% and services increased 0.2%.