Personal Income Rises in October

pi-chart

Personal income increased 0.6 percent in October after increasing 0.4 percent in September. Wages and salaries, the largest component of personal income, increased 0.5 percent in October—the same increase as in September.

Current-dollar disposable personal income (DPI), after-tax income, increased 0.6 percent in October after increasing 0.4 percent in September.

Real DPI, income adjusted for taxes and inflation, increased 0.4 percent in October after increasing 0.2 percent in September.

Real consumer spending (PCE), spending adjusted for price changes, increased 0.1 percent in October after increasing 0.5 percent in September. Spending on durable goods increased 1.0 percent in October after increasing 2.6 percent in September.

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

Personal saving rate
Personal saving as a percent of DPI was 6.0 percent in October and 5.7 percent in September.

For more information, read the full report. 

real-dpi-nov-30


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