Personal income increased 0.4 percent in June and in May. Wages and salaries rose 0.2 percent in June after rising 0.4 percent May.
Current-dollar disposable personal income (DPI), after-tax income, increased 0.5 percent in June after rising 0.4 percent in May.
Real DPI, income adjusted for taxes and inflation, increased 0.2 percent in June after increasing 0.1 percent in May.
Real consumer spending (PCE), spending adjusted for price changes, was flat in June after increasing 0.4 percent in May. Spending on durable goods decreased 1.1 percent in June after increasing 1.3 percent in May.
PCE prices increased 0.2 percent in June, after increasing 0.3 percent in May. Excluding food and energy, PCE prices increased 0.1 percent in June and in May.
Personal saving rate
Personal saving as a percent of DPI was 4.8 percent in June and 4.6 percent in May.
Annual Revision
These estimates reflect the 2015 annual revision of the national income and product accounts, which incorporated new source data and other improvements back to 1976.
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