Wednesday, June 29, 2016

Personal income, consumer spending and prices all rose in May while savings rate dipped slightly

Personal income increased $37.1 billion, or 0.2 percent, and disposable personal income (DPI) increased $33.9 billion, or 0.2 percent, in May.

Personal consumption expenditures (PCE) increased $53.5 billion, or 0.4 percent.

The personal saving rate was 5.3 percent, compared with 5.4 percent the previous month.

The May PCE price index increased 0.9 percent from May a year ago. The May PCE price index, excluding food and energy, increased 1.6 percent from May a year ago.

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