Personal Income Increases in August

pi_0927Personal income increased 0.4 percent in August after increasing 0.2 percent in July. Wages and salaries, the largest component of personal income, increased 0.4 percent in August after decreasing 0.3 percent in July. Government wages were reduced in August and in July due to furloughs.

Current-dollar disposable personal income (DPI), after-tax income, increased 0.5 percent in August after increasing 0.3 percent in July.

Real DPI, income adjusted for taxes and inflation, increased 0.3 percent in August after increasing 0.2 percent in July.

Real consumer spending, spending adjusted for price changes, increased 0.2 percent in August after increasing 0.1 percent in July. Spending on durable goods and services increased.

PCE prices increased 0.1 percent in August, the same increase as in July. Excluding food and energy, PCE prices increased 0.2 percent in August, compared to an increase of 0.1 percent in July.

Personal saving rate
Personal saving as a percent of DPI was 4.6 percent in August and 4.5 percent in July.pi_0927_2

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



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