The hurricane impacts on income, outlays, and inflation appear to be tapering off according to the BEA's report on Personal Income and Outlays for October.
Real (inflation adjusted) Disposable Personal Income (DPI) increased 0.3 percent in October. Real Personal Consumption Expenditures (PCE) increased 0.1 percent.
The PCE price index increased 0.1 percent. Excluding food and energy, the PCE price index increased 0.2 percent.
The $13.1 billion increase in real PCE in October reflected an increase of $11.4 billion in spending for goods and a $2.7 billion increase in spending for services.
The BEA reports nondurable good including prescription drugs and recreational items, was the leading contributor to the increase.
Year Over Year PCE Price Index
Prices are up 1.6% from a year ago. Core PCE, the Fed's preferred measure of inflation which excludes food and energy, is reportedly up only only 1.4% from a year ago.
Mike "Mish" Shedlock