Personal Income Increases in June

again_pi_june1Personal income increased 0.3 percent in June after increasing 0.4 percent in May. Wages and salaries, the largest component of personal income, increased 0.5 percent in June after increasing 0.3 percent in May.

Current-dollar disposable personal income (DPI), after-tax income, increased 0.3 percent in June, the same increase as in May.

Real DPI, income adjusted for taxes and inflation, fell 0.1 percent in June after rising 0.2 percent in May.

Real consumer spending, spending adjusted for price changes, rose 0.1 percent in June, the same as in May.

PCE prices increased 0.4 percent in June after increasing 0.1 percent in May. Excluding food and energy, PCE prices increased 0.2 percent in June, compared to an increase of 0.1 percent in May.

Personal saving rate
Personal saving as a percent of DPI was 4.4 percent in June, compared with 4.6 percent in May.

Comprehensive revision
These estimates reflect the 2013 comprehensive revision of the national income and products accounts, which incorporated new source data and other improvements.

To learn more about personal income and outlays, read the full report.pi_june2



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