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July 31, 2018

Personal income increased 0.4 percent in June, the same increase as in May. Wages and salaries, the largest component of personal income, increased 0.4 percent in June after increasing 0.3 percent in May.

  Apr. May Jun.
Personal Income 0.3% 0.4% 0.4%
Current-dollar DPI 0.3% 0.4% 0.4%
Real DPI 0.1% 0.2% 0.3%
Real PCE 0.4% 0.3% 0.3%
PCE Prices 0.2% 0.2% 0.1%
Personal Saving Rate 6.9% 6.8% 6.8%

Current-dollar disposable personal income (DPI), after-tax income, increased 0.4 percent in June, the same increase as in May.

Real DPI, income adjusted for taxes and inflation, increased 0.3 percent in June after increasing 0.2 percent in May.

Real consumer spending (PCE), spending adjusted for price changes, increased 0.3 percent in June, the same increase as in May. Spending on durable goods increased 0.4 percent in June after increasing 0.6 percent in May.

PCE prices increased 0.1 percent in June after increasing 0.2 percent in May. Excluding food and energy, PCE prices increased 0.1 percent in June after increasing 0.2 percent in May.

Personal saving rate Personal saving as a percent of DPI was 6.8 percent in June, the same as in May.

For more information, read the full report.