Personal income increased 0.2 percent in February after decreasing 0.1 percent in January. Wages and salaries, the largest component of personal income, increased 0.3 percent in February, the same increase as in January.
Current-dollar disposable personal income (DPI), after-tax income, increased 0.2 percent in February after decreasing 0.2 percent in January.
Real DPI, income adjusted for taxes and inflation, decreased 0.2 percent in January after increasing 1.0 percent in December.
Real consumer spending (PCE), spending adjusted for price changes, increased 0.1 percent in January after decreasing 0.6 percent in December. Spending on durable goods decreased 1.6 percent in January after decreasing 2.9 percent in December.
PCE prices decreased 0.1 percent in January after increasing 0.1 percent in December. Excluding food and energy, PCE prices increased 0.1 percent in January after increasing 0.2 percent in December.
Personal saving rate
Personal saving as a percent of DPI was 7.5 percent in January and 7.7 percent in December.
*Selected estimates for February will be available with the April 29, 2019 Personal Income & Outlays release.
For more information, read the full report.
