The hurricane impacts on income, outlays, and inflation appear to be tapering off according to the BEA's report on Personal Income and Outlays for October.

Real (inflation adjusted) Disposable Personal Income (DPI) increased 0.3 percent in October. Real Personal Consumption Expenditures (PCE) increased 0.1 percent.

The PCE price index increased 0.1 percent. Excluding food and energy, the PCE price index increased 0.2 percent.

The $13.1 billion increase in real PCE in October reflected an increase of $11.4 billion in spending for goods and a $2.7 billion increase in spending for services.


The BEA reports nondurable good including prescription drugs and recreational items, was the leading contributor to the increase.

Year Over Year PCE Price Index

Prices are up 1.6% from a year ago. Core PCE, the Fed's preferred measure of inflation which excludes food and energy, is reportedly up only only 1.4% from a year ago.

Mike "Mish" Shedlock

Real Incomes Rises 0.3% in June, Real Spending 0.2%, Deflator 0.1%

Personal income and spending in June rose mostly inline with the Economic consensus.

Real Income, Real PCE Rise 0.2 Percent in July: PCE Inflation 0.1 Percent

The Personal Income and Outlays Report from the BEA shows “Real DPI increased 0.2 percent in July and Real PCE increased 0.2 percent.”

Disposable Income and Spending Jump: Real Income and Spending is Another Matter

Disposable personal income rose 0.4%, but real income rose only 0.1%. Real personal consumption expenditures were flat.

Personal Income, Spending, PCE Inflation “Unexpectedly Weak”: Real Income and Spending Decline

The BEA reports “Real DPI decreased 0.1 percent in August and Real PCE decreased 0.1 percent. The PCE price index increased 0.2 percent. Excluding food and energy, the PCE price index increased 0.1 percent.”

Personal Income Up 0.1%, Spending Up 0.6%: What's the Problem?

Personal Income is up 0.1%, spending is up 0.6%. Real Disposable Income is up 0.1%, real spending is up 0.4%.

Personal Income Rises 0.3%, Inflation Benign

Those looking for an explosion in either income and especially inflation did find what they were seeking in August.

Personal Income Up 0.2%, Smallest in 15 Months, Spending Up 0.4%

Personal income rose 0.2% in September, with real disposable income up only 0.1%. The CPI was up 2.0% year-over-year.

Personal Income Up But Real Consumer Spending Declines Second Month

The BEA’s Personal Income and Outlays report shows personal income rose 0.4% but consumer spending rose a scant 0.1% in February.

Real Personal Consumption Exenditures Rise 0.4% in April, Bonds Quiet

The BEA reports real disposable income rose 0.2% while real spending rose 0.4%.