The BEA's Personal Income and Outlays report for January shows a boost bigger boost in income and prices than spending.

Key Points

  • Personal income increased $64.7 billion (0.4 percent) in January according to estimates released today by the Bureau of Economic Analysis.
  • Disposable personal income (DPI) increased $134.8 billion (0.9 percent) and personal consumption expenditures (PCE) increased $31.2 billion (0.2 percent).
  • Real DPI increased 0.6 percent in January
  • Real PCE decreased 0.1 percent.
  • The PCE price index increased 0.4 percent. Excluding food and energy, the PCE price index increased 0.3 percent.
  • Personal saving was $464.4 billion in January and the personal saving rate, personal saving as a percentage of disposable personal income, was 3.2 percent, up from 2.5% in December.

2017 Year Totals

  • Real DPI increased 1.2 percent in 2017, compared with an increase of 1.4 percent in 2016.
  • Real PCE increased 2.7 percent, the same increase as in 2016.

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