Real Consumer Spending Increases in October

Consumer Spending Nov26Personal income rose 0.2 percent in October, the same increase as in September. Wages and salaries, the largest component of personal  income, rose 0.3 percent in October after rising 0.2 percent in September.

Current-dollar disposable personal income (DPI), after-tax income, rose 0.2 percent in October after rising 0.1 percent in September.

Real DPI, income adjusted for taxes and inflation, increased 0.1 percent in October, the same increase as in September.

Real consumer spending, spending adjusted for price changes, increased 0.2 percent in October after remaining flat in September. Spending on nondurable goods increased 0.5 percent in October after decreasing 0.3 percent in September.

PCE prices increased 0.1 percent in October, the same increase as in September. Excluding food and energy, PCE prices increased 0.2 percent in October after increasing 0.1 percent in September.

Personal saving rate
Personal saving as a percent of DPI was 5.0 percent in October, the same as in September.

Read the full report.

Real Consumer Spending Nov26


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