Real gross domestic product (GDP) decreased at an annual rate of 1.4 percent in the first quarter of 2022 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 6.9 percent.
Disposable personal income increased$216.6 billion, or 4.8 percent, in the first quarter, compared with an increase of $20.1 billion, or 0.4 percent, in the fourth quarter. Real disposable personal income decreased2.0 percent, compared with a decrease of 5.6 percent. Personal Income and Outlays,March 2022 Personal income increased$107.2 billion (0.5 percent) in March, according to estimates released today by the Bureau of Economic Analysis (tables 3 and 5). Disposable personal income (DPI) increased$89.7 billion (0.5 percent) and personal consumption expenditures (PCE) increased$185.0 billion (1.1 percent). Real DPI decreased0.4 percent in March and Real PCE increased 0.2 percent; goods decreased 0.5
percent and services increased0.6 percent (tables 5 and 7). The PCE price index increased0.9 percent. Excluding food and energy, the PCE price index increased0.3 percent (table 9)
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