Real Disposable Income Per Capita: The January Effect
Doug Short | Mar 03, 2013 12:46AM ET
Earlier this morning I posted my latest DPI in chained 2005 dollars .
A Footnote on Annual Revisions
The DPI series is subject to monthly revisions and more substantial annual revisions each July. So we must take the latest data with a grain of salt. See, for example, the impact of the July 2012 annual revisions on our understanding of trends for this indicator.
As we readily see, the July revisions lowered the data for the majority of the months since January 2009, changing what previously appeared as a relatively flat line since mid-2010 into a couple of more conspicuous undulations, especially from early 2011 to the present.
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