The Commerce Department said on Wednesday income increased 0.3 percent last month after an unrevised 0.4 percent rise in October.
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USA personal income in November rose for an eighth straight month on solid wage gains, which should support consumer spending and bolster economic growth next year.
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Consumer purchases climbed in November by the most in three months, indicating the biggest part of the US economy was gaining momentum heading into the holiday shopping season. Inflation is being closely watched by the Federal Reserve to determine the pace for hiking interest rates. It showed consumer spending increased 0.3 percent last month after being unchanged in October. Convinced that low inflation is a temporary result of the drop in oil prices, Fed officials last week increased a key interest rate for the first time since 2006.
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In the 12 months through November, the personal consumption expenditures (PCE) price index was up 0.4 percent after rising 0.2 percent in October. Incomes had increased 0.4% the previous month.
The Bureau of Economic Analysis, the Commerce agency which produces the spending report, said it would take steps to guard against future early releases of sensitive data. The percentage of disposable income saved ticked down to 5.5% in November, though still a relatively high number. The data was scheduled for release at 8:30 a.m. on Wednesday, along with other figures on personal income and inflation that BEA said would be released as scheduled.
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Many economists believe growth will be around that level in the current quarter and then will accelerate a bit in the first half of next year.
