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Post by bot on Dec 25, 2013 3:36:18 GMT -5
WASHINGTON (MarketWatch) -- Consumer spending outpaced income growth in November, the Commerce Department reported Monday. Consumer spending rose 0.5% in November. Personal income rose 0.2%. Wall Street economists had expected a 0.5% gain for spending and an 0.4% gain for income. The savings rate fell to 4.2% from 4.5% in October. Excluding inflation, real disposable incomes rose 0.1% in November after falling 0.2% in October. The personal consumption expenditure price index was flat in November compared with October and is up 0.9% in the past year. The core rate rose 0.1% in November and is up 1.1% in the past year.
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