Personal income increased 0.4 percent in July after increasing 0.3 percent in June. Wages and salaries, the largest component of personal income, increased 0.5 percent in July, the same increase as in June.
| May | June | July | |
|---|---|---|---|
| Personal Income | 0.3% | 0.3% | 0.4% |
| Current-dollar DPI | 0.3% | 0.3% | 0.5% |
| Real DPI | 0.1% | 0.2% | 0.4% |
| Real PCE | 0.2% | 0.4% | 0.3% |
| PCE Prices | 0.2% | 0.1% | 0.0% |
| Personal Saving Rate | 5.8% | 5.5% | 5.7% |
Current-dollar disposable personal income (DPI), after-tax income, increased 0.4 percent in July after increasing 0.3 percent in June.
Real DPI, income adjusted for taxes and inflation, increased 0.4 percent in July after increasing 0.2 percent in June.
Real consumer spending (PCE), spending adjusted for price changes, increased 0.3 percent in July after increasing 0.4 percent in June. Spending on durable goods increased 1.9 percent in July after increasing 0.9 percent in June.
PCE prices remained flat in July after increasing 0.1 percent in June. Excluding food and energy, PCE prices increased 0.1 percent in July, the same increase as in June.
Personal saving rate
Personal saving as a percent of DPI was 5.7 percent in July and 5.5 percent in June.
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