Personal income increased 0.4 percent in October, after increasing 0.2 percent in September. Wages and salaries, the largest component of personal income increased 0.6 percent in October after remaining flat in September.
Current-dollar disposable personal income (DPI), after-tax income, increased 0.4 percent in October after increasing 0.2 percent in September.
Real DPI, income adjusted for taxes and inflation, increased 0.4 percent in October after increasing 0.3 percent in September.
Real consumer spending (PCE), spending adjusted for price changes, increased 0.1 percent in October, the same increase as in September.
PCE prices increased 0.1 percent in October after decreasing 0.1 percent in September. Excluding food energy, PCE prices remained flat in October after increasing 0.2 percent in September.
Personal saving rate
Personal saving as a percent of DPI was 5.6 percent in October and 5.3 percent in September.
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