November personal spending up 0.6 percent vs. 0.3 percent for personal income, inflation still low

In November, personal income increased 0.3 percent, disposable personal income rose 0.4 percent and personal spending rose 0.6 percent. Personal savings was 2.9 percent in November, down from 3.2 percent in October.

The PCE price index, the inflation index favored by the Federal Reserve, increased 0.2 percent, and is up 1.8 percent year-on-year.  Excluding food and energy, the PCE price index increased 0.1 percent, and is up 1.5 percent year-on-year.

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