FXstreet.com (Barcelona) - Personal spending has posted a sharp decrease in December from November, while disposable personal income edged up on the month, and personal consumption expenditures rose at the same pace as during the previous month, according to the latest report by the Bureau of Economic Analysis.

Personal income rose 0.5% or $55.1 billion in December, while personal consumption rose at 0.2% pace ion the month, well below the 1.0% increase posted in November, downwardly revised from the 1.1% increase previously estimated.

The prices index for personal consumption expenditures has risen 0.2% from November to December, excluding food and energy, the Core PCE also rose 0.2%. On the year, PCE prices index has risen 3.5%, the core PCE prices index has increased 2.2% from December 2006.