Real Disposable Personal Income Picks Up

Personal income increased 0.2 percent in May, the same increase as in April. The increase in wages and salaries was less than 0.1 percent in May, compared with an increase of 0.1 percent in April.

Current-dollar disposable personal income (DPI)—after-tax income—increased 0.2 percent in May, the same increase as in April.

Real DPI— income adjusted for taxes and inflation—increased 0.3 percent in May after increasing 0.1 percent in April.

Real consumer spending—spending adjusted for price changes—increased 0.1 percent in May, the same increase as in April. Spending on durable goods fell 0.4 percent in May after falling 0.1 percent in April, while spending on nondurable goods rose 0.3 percent after rising 0.1 percent.

Prices decreased 0.2 percent in May after remaining flat in April. Excluding food and energy, prices increased 0.1 percent in May, the same increase as in April.

Personal saving as a percent of DPI was 3.9 percent in May, compared with 3.7 percent in April.

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



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