Real Income: A Strong Rebound
Doug Short | Dec 21, 2012 02:55PM ET
Friday morning I posted my latest here . A couple of hours after the BEA announcement, the St. Louis Federal Reserve posts the data in FRED (Federal Reserve Economic Data) with separate tables for the nominal and real per capita data: DPI Nominal and 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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