Personal Income And Outlays Increase In October

Nov. 30, 2006
Spending reverses September's decline.

Personal income rose four-tenths of a percentage point in October, and personal spending rose two-tenths of a percent, the U.S. Commerce Department reported on Nov. 30.

In July, August and September, personal income had risen half a percentage point each month. In September, person spending fell two-tenths of a percentage point.

The so-called core PCE index of inflation -- personal consumption expenditures minus food and fuel -- rose two tenths of a percentage point in October, the same as in September, and somewhat above what Federal Reserve Chairman Ben Bernanke and his Federal Open Market Committee colleagues would like to see.

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