Personal income increased 0.5 percent in October after increasing 0.2 percent in September. Wages and salaries, the largest component of personal income, increased 0.3 percent in October, the same increase as in September.
Current-dollar disposable personal income (DPI), after-tax income, increased 0.5 percent in October after increasing 0.2 percent in September.
Real DPI, disposable personal income adjusted for inflation, increased 0.3 percent in October after increasing 0.1 percent in September.
Real consumer spending (PCE), spending adjusted for price changes, increased 0.4 percent in October after increasing 0.1 percent in September. Spending on durable goods increased 0.4 percent in October after increasing 0.3 percent in September.
PCE prices increased 0.2 percent in October after increasing 0.1 percent in September. Excluding food and energy, PCE prices increased 0.1 percent in October after increasing 0.2 percent in September.
Personal saving rate
Personal saving as a percent of DPI was 6.2 percent in October and 6.3 percent in September.
For more information, read the full report.
