by Bill McBride on 1/30/2017 09:04:00 AM
Monday, January 30, 2017
The BEA released the Personal Income and Outlays report for December:
Personal income increased $50.2 billion (0.3 percent) in December according to estimates released today by the Bureau of Economic Analysis ... personal consumption expenditures (PCE) increased $63.1 billion (0.5 percent).On inflation: The PCE price index increased 1.6 percent year-over-year. (This was up from 1.4% year-over-year in November). The core PCE price index (excluding food and energy) increased 1.7 percent year-over-year in December (the same as in November).
Real PCE increased 0.3 percent. The PCE price index increased 0.2 percent. Excluding food and energy, the PCE price index increased 0.1 percent.
Posted by Bill McBride on 1/30/2017 09:04:00 AM