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Disposable personal income rose in January

According to the Bureau of Economic Analysis, personal income increased 0.4 percent in January. The same increase was reported for December 2017. Wages and salaries, the largest part of personal income, increased 0.5 percent in January after going up by 0.4 percent last December.

Current-dollar disposable personal income, or after-tax income, increased 0.9 percent in January after increasing 0.4 percent in December.

Real DPI, which is income adjusted for taxes, increased 0.6 percent in January after rising by 0.2 percent in December.

Real consumer spending, which is adjusted for price changes, decreased 0.1 percent in January after decreasing 0.2 percent in December. Spending on durable goods decreased 1.6 percent in January after increasing 0.6 percent in December.

PCE prices increased 0.4 percent in January after increasing 0.1 percent in December. Excluding food and energy, PCE prices increased 0.3 percent in January after increasing 0.2 percent in December.

For more information, read the full report.

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