Personal Income, Disposable Income, and Personal Consumption Expenditures All Increase in November 2021

Original Source:
Personal Income and Outlays, November 2021

The U.S. Bureau of Economic Analysis (BEA) reported on Thursday (11-23-21) that according to their estimates, personal income (PI) increased $90.4 billion, or 0.4% in November. Disposable personal income (DPI) increased $70.4 billion, or 0.4% in November. Personal consumption expenditures (PCE) increased $104.7 billion, or 0.6% in November.

Real DPI decreased -0.2% in November, while Real PCE increased less than 0.1%; spending on services increased 0.5%, while spending on goods decreased -0.8%. The PCE price index for November increased 0.6% and year-over-year was 5.7% higher. Energy prices increased 34.0%, while food increased 5.6%. Excluding food and energy, the PCE price index for November increased 4.7% from one year ago.

Personal outlays increased $106.3 billion in November. Personal saving was $1.25 trillion in November, and the personal saving rate — personal saving as a percentage of disposable personal income — was 6.9%.


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