The Housing Chronicles Blog: Personal income, consumer spending and prices all rose in May while savings rate dipped slightly

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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