Personal Income & Spending Rose in January
Washington, DC, February 26, 2021-Personal income increased $1,954.7 billion (10.0%) in January, according to estimates released by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $1,963.2 billion (11.4%), and personal consumption expenditures (PCE) increased $340.9 billion (2.4%).
Real DPI increased 11.0% in January, and Real PCE increased 2.0%; goods increased 5.1% and services increased 0.5%. The PCE price index increased 0.3%. Excluding food and energy, the PCE price index also increased 0.3%.