October 29, 2018

Personal income increased 0.2 percent in September after increasing 0.4 percent in August. Wages and salaries, the largest component of personal income, increased 0.2 percent in September after increasing 0.5 percent in August.

Personal Income Table, September 2018

Current-dollar disposable personal income (DPI), after-tax income, increased 0.2 percent in September after increasing 0.4 percent in August.

Real DPI, disposable personal income adjusted for inflation, increased 0.1 percent in September after increasing 0.2 percent in August.

Real consumer spending (PCE), spending adjusted for price changes, increased 0.3 percent in September after increasing 0.4 percent in August. Spending on durable goods increased 1.8 percent in September after increasing 0.9 percent in August.

PCE prices increased 0.1 percent in September, the same increase as in August. Excluding food and energy, PCE prices increased 0.2 percent in September after showing no change in August. Personal saving rate Personal saving as a percent of DPI was 6.2 percent in September and 6.4 percent in August.

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Real Disposable Personal Income and Real Consumer Spending Oct29