**MNI: 5 Things We Learned From November Personal Income Data>

By Holly Stokes, Sara Haire, and Kevin Kastner

     WASHINGTON (MNI) - The following are the key points from the 

November personal income, spending, and price data released Friday by 

the Bureau of Economic Analysis: 

     - The personal income and spending data suggest core inflation 

remains contained, with small upticks in the year/year rates to highs 

last seen earlier in the year.

     - The core PCE price index rose 0.1% (+0.078% unrounded) as 

expected after a 0.2% gain in October. The y/y rate rose to +1.5% from 

+1.4% in October on base effects, the highest since June. 

     - Overall PCE price index rose 0.2% as energy jumped 4.3%, lifting 

the y/y rate to +1.8% from +1.6% in October, the highest since March. 

     - Personal income +0.3% vs +0.4% expected, while current dollar PCE 

+0.6% vs +0.4% expected. Real PCE was +0.4% after flat in October. 

Fourth quarter real PCE through November was up 2.5% at an annual rate 

from the 3Q average vs +2.2% in 3Q. 

     - November savings rate fell to 2.9% from 3.2%, hitting its lowest 

point since November 2007.

     ** MNI Washington Bureau: 202-371-2121 ** 

[TOPICS: MAUDS$,M$U$$$,MAUDR$]