Personal outlays, the sum of PCE, personal interest payments, and personal current transfer payments, increased $54.3 billion in January (table 2). Detailed information on monthly PCE spending can be found on Table 2.4.5U. Within goods, the leading contributors to the decrease were motor vehicles and parts (led by new light trucks), gasoline and other energy goods (led by gasoline), and other nondurable goods (led by prescription drugs). Within services, the largest contributors to the increase were housing and utilities, financial services and insurance (led by financial service charges, fees, and commissions), and health care (led by hospitals). The $43.9 billion increase in current-dollar PCE in January reflected a $121.0 billion increase in spending for services that was partly offset by a $77.0 billion decrease in spending for goods (table 2). The increase in personal income receipts on assets was led by an increase in personal dividend income, reflecting information from company financial statements. ![]() The increase in government social benefits was led by social security benefits, reflecting a 3.2 percent cost-of-living adjustment, and other government social benefits, primarily reflecting an increase in Affordable Care Act enrollments. ![]() The increase in current-dollar personal income in January primarily reflected increases in government social benefits, personal income receipts on assets, and compensation (table 2).
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