The U.S. Bureau of Economic Analysis Reports Personal Income and Outlays Increased in January

The US Bureau of Economic Analysis (BEA) reported on Friday (3-13-26), that according to their estimates, Personal Income (PI) increased $113.8 billion, or 0.4% at monthly rate, in January 2026. Disposable Personal Income (DPI), personal income less personal current taxes, increased $219.9 billion, or 0.9% in January. Personal Consumption Expenditures (PCE) increased $81.1 billion, or 0.4% in January.

Personal outlays—the sum of PCE, personal interest payments, and personal current transfer payments—increased $85.8 billion in January. Personal saving was $1.05 trillion in January. The Personal saving rate—personal saving as a percentage of disposable personal income—was 4.5% in January.

The increase in Current-dollar personal income in January primarily reflected increases in compensation, personal dividend income, and personal current transfer receipts. The $81.1 billion increase in current-dollar PCE in January reflected an increase of $105.7 billion in spending on services that was partly offset by a decrease of $24.6 billion in spending on goods.

From the preceding month, the PCE price index for January increased 0.3%. Excluding food and energy, the PCE price index increased 0.4% from one year ago.

From the same month one year ago, the PCE price index for December increased 2.8%. Excluding food and energy, the PCE price index increased 3.1% from one year ag