Personal Income Rises in May

chart2Personal income increased 0.4 percent in May after increasing 0.3 percent in April. Wages and salaries, the largest component of personal income, increased 0.4 percent after increasing 0.3 percent.

Current-dollar disposable personal income (DPI), after-tax income, increased 0.4 percent in May, the same increase as in April.

Real DPI, income adjusted for taxes and inflation, increased0.2percent in May, the same increase as in April.

Real consumer spending, spending adjusted for price changes, decreased 0.1 percent in May after decreasing 0.2 percent in April. Spending on durable goods increased 1.0 percent after decreasing 0.9percent; spending on motor vehicles and parts turned up in May.

PCE prices increased 0.2 percent in May, the same increase as in April. Excluding food and energy, PCE prices rose 0.2 percent in May, the same as in April.

Personal saving rate
Personal saving as a percent of DPI was 4.8 percent in May and 4.5 percent in April.

real disposable personal income

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