Real Consumer Spending Picks Up in April

Personal income increased 0.2 percent in April after increasing 0.4 percent in March.

Current-dollar disposable personal income (DPI)—after-tax income—increased 0.2 percent in April after increasing 0.4 percent in March.

Real DPI—income adjusted for taxes and inflation—increased 0.2 percent in April, the same increase as in March.

Real consumer spending—spending adjusted for price changes—rose 0.3 percent in April after being flat in March.

Spending picked up on both goods and services.

Prices increased less than 0.1 percent in April after increasing 0.2 percent in March. Excluding food and energy, prices increased 0.1 percent in April after increasing 0.2 percent in March.

Personal saving as a percent of DPI was 3.4 percent in April, compared with 3.5 percent in March.

To learn more about personal income and outlays, read the full report.



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