Personal income increased 0.4 percent in February, the same increase as in January. Wages and salaries, the largest component of personal income, increased 0.5 percent in February after increasing 0.6 percent in January.
| Dec. | Jan. | Feb. | |
|---|---|---|---|
| Personal Income | 0.4% | 0.4% | 0.4% |
| Current-dollar DPI | 0.4% | 1.0% | 0.4% |
| Real DPI | 0.2% | 0.6% | 0.2% |
| Real PCE | 0.3% | -0.2% | 0.0% |
| PCE Prices | 0.1% | 0.4% | 0.2% |
| Personal Saving Rate | 2.4% | 3.2% | 3.4% |
Current-dollar disposable personal income (DPI), after-tax income, increased 0.4 percent in February after increasing 1.0 percent in January.
Real DPI, income adjusted for taxes and inflation, increased 0.2 percent in February after increasing 0.6 percent in January.
Real consumer spending (PCE), spending adjusted for price changes, was unchanged in February after decreasing 0.2 percent in January. Spending on durable goods increased 0.6 percent in February after decreasing 1.6 percent in January.
PCE prices increased 0.2 percent in February after increasing 0.4 percent in January. Excluding food and energy, PCE prices increased 0.2 percent in February after increasing 0.3 percent in January.
Personal saving rate
Personal saving as a percent of DPI was 3.4 percent in February after 3.2 percent in January.
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