The price index for gross domestic purchases, which measures prices paid by U.S. residents, increased 3.8 percent in the fourth quarter, compared with an increase of 1.8 percent in the third. Excluding food and energy prices, the price index for gross domestic purchases increased 2.5 percent in the fourth quarter, compared with an increase of 1.9 percent in the third.
Real personal consumption expenditures increased 2.0 percent in the fourth quarter, compared with an increase of 2.8 percent in the third. Durable goods increased 4.2 percent, compared with an increase of 4.5 percent. Nondurable goods increased 1.9 percent, compared with an increase of 2.2 percent. Services expenditures increased 1.6 percent, compared with an increase of 2.8 percent.
Real nonresidential fixed investment increased 7.5 percent in the fourth quarter, compared with an increase of 9.3 percent in the third. Nonresidential structures increased 15.8 percent, compared with an increase of 16.4 percent. Equipment and software increased 3.8 percent, compared with an increase of 6.2 percent. Real residential fixed investment decreased 23.9 percent, compared with a decrease of 20.5 percent.
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Bureau of Economic Analysis
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