Commerce Department: Real after-tax incomes fell 0.1% in October

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Nominal incomes rose just 0.2% last month despite strong job growth. But after accounting for a 0.3% rise in prices, October's real after-tax incomes fell 0.1%.

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Inflationary pressures were steady in October. The personal consumption expenditure price index rose, up 0.3% for a second straight month, and is now up 2.9% in the past year, marking the biggest year-over-year gain in 14 months.

Core prices, which by definition exclude food and energy prices, rose 0.2% for the second straight month.

http://www.marketwatch.com/news/story/us-i...6571E6C43905%7D