Personal Income Rose 0.5% in October, Spending Rose 1.3%

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Personal Income Rose 0.5% in October, Spending Rose 1.3%

Washington, DC, November 24, 2021-Personal income increased $93.4 billion (0.5%) in October according to estimates released by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $63.0 billion (0.3%), and personal consumption expenditures (PCE) increased $214.3 billion (1.3%).

Real DPI decreased 0.3% in October, and Real PCE increased 0.7%; goods increased 1.0% and services increased 0.5%. The PCE price index increased 0.6%. Excluding food and energy, the PCE price index increased 0.4%.