September 28, 2018

Personal income increased 0.3 percent in August, the same increase as in July. Wages and salaries, the largest component of personal income, increased 0.5 percent in August after increasing 0.3 percent in July.

Personal Income and Outlays, August 2018

Current-dollar disposable personal income (DPI), after-tax income, increased 0.3 percent in August, the same increase as in July.

Real DPI, disposable personal income adjusted for inflation, increased 0.2 percent in August, the same increase as in July.

Real consumer spending (PCE), spending adjusted for price changes, increased 0.2 percent in August after increasing 0.3 percent in July. Spending on nondurable goods increased 0.4 percent in August after increasing 0.7 percent in July.

PCE prices increased 0.1 percent in August, the same increase as in July. Excluding food and energy, PCE prices were unchanged in August after increasing 0.2 percent in July.

Personal saving rate
Personal saving as a percent of DPI was 6.6 percent in August, the same as in July.

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Personal Income and Outlays, August 2018

Personal Income and Outlays, August 2018 Chart
Personal Income