Personal income rises 0.1% in November

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Personal income rises 0.1% in November (by Ruth Mantell)

WASHINGTON (MarketWatch) -- Personal income rose 0.1% in November, as consumer spending also gained 0.1%, the Commerce Department reported Friday. In October, personal income had gained 0.4%, while spending had increased 0.1%. For November economists polled by MarketWatch had expected personal income to gain 0.2%, and for spending to also rise 0.2%. Meanwhile, there was no growth in November for the price index for personal consumption expenditures, though this inflation gauge is up 2.5% from the prior year. The core inflation reading, which excludes volatile food and energy costs, rose 0.1% in November, matching economists' expectations. Compared with the prior year, core inflation is up 1.7%. The personal-saving rate declined to 3.5% in November from 3.6% in October.

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