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U.S.Economy: 
Personal Incomes Increase 0.7% in January
Author: Ivaylo Dagnev
123jump.com
Last Update: 8:51 AM EST March 01 2006

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Consumer inflation rose 0.5% in January due to higher energy costs. Core inflation, which excludes food and energy costs to give a better view of underlying inflation pressures, rose 0.2%. Core inflation has increased 1.8% in the past 12 months. Real disposable incomes - rose 0.1% in January, the weakest advance since August. Real disposable incomes grew 2.2% in the past 12 months.

 
Revisions

Estimates have been revised for July through December. Changes in personal income, current-dollar and chained (2000) dollar DPI, and current-dollar and chained (2000) dollar PCE for November and December -- revised and as published in last month''s release -- are shown below.

For July through December, the revisions to wages and salaries reflected the incorporation of the most recently available BLS tabulations of third-quarter private wages and salaries from the quarterly census of employment and wages. Wages and salaries were revised up for all six months. Revisions to personal current taxes and to contributions for government social insurance reflected the revisions to wages and salaries.



Available at: http://www.bea.gov/bea/newsrelarchive/2006/pi0106.htm
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