Personal income increased 0.4 percent in October, the same increase as in September. Wages and salaries, the largest component of personal income, increased 0.3 percent in October after increasing 0.5 percent in September.
| Aug. | Sep. | Oct. | |
|---|---|---|---|
| Personal Income | 0.2% | 0.4% | 0.4% |
| Current-dollar DPI | 0.2% | 0.4% | 0.5% |
| Real DPI | -0.1% | 0.4% | 0.3% |
| Real PCE | 0.0% | 0.5% | 0.1% |
| PCE Prices | 0.2% | 0.4% | 0.1% |
| Personal Saving Rate | 3.4% | 3.0% | 3.2% |
Current-dollar disposable personal income (DPI), after-tax income, increased 0.5 percent in October after increasing 0.4 percent in September.
Real DPI, income adjusted for taxes and inflation, increased 0.3 percent in October after showing no change 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 decreased 0.1 percent in October after increasing 3.1 percent in September.
PCE prices increased 0.1 percent in October after increasing 0.4 percent in September. Excluding food and energy, PCE prices increased 0.2 percent in October, the same increase as in September.
Personal saving rate
Personal saving as a percent of DPI was 3.2 percent in October and 3.0 percent in September.
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