Personal income and spending both rose 0.4 percent in April

Personal income increased $58.4 billion (0.4 percent) in April while disposable personal income (DPI) increased $56.5 billion (0.4 percent) and personal consumption expenditures (PCE) increased $53.2 billion (0.4 percent).

The PCE price index increased 0.2 percent from March and 1.7 percent year-on-year. Excluding food and energy, the PCE price index increased 0.2 percent and 1.5 percent year-on-year.