Regional Quarterly Report

State personal income grew 5.6 percent on average in 2018, up from 4.7 percent in 2017 (table A). Personal income growth accelerated in 43 states.1 Inflation, as measured by the national price index for personal consumption expenditures, accelerated to 2.1 percent in 2018 from 1.8 percent in 2017. Personal income growth rates in 2018 ranged from 3.9 percent in Kentucky and Mississippi to 7.5 percent in Washington. Growth rates of per capita personal income, which adjusts for differential population growth, ranged from 3.6 percent in Kentucky to 7.1 percent in Wyoming.