Personal income increased 0.3 percent in August, after increasing 0.5 percent in July. Wages and salaries, the largest component of personal income, rose 0.5 percent in August after rising 0.6 percent in July.
Current-dollar disposable personal income (DPI), after-tax income, increased 0.4 percent in August after increasing 0.5 percent in July.
Real DPI, income adjusted for taxes and inflation, increased 0.3 percent in August after increasing 0.4 percent in July.
Real consumer spending (PCE), spending adjusted for price changes, increased 0.4 percent in August after increasing 0.3 percent in July. Spending on services increased 0.3 percent in August after increasing 0.1 percent in July.
PCE prices increased less than 0.1 percent in August, after increasing 0.1 percent in July. Excluding food and energy, PCE prices increased 0.1 percent in August, the same increase as in July.
Personal saving rate
Personal saving as a percent of DPI was 4.6 percent in August and 4.7 percent in July.
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