Personal Income Up $50B and Spending Flat in June

Washington, DC, July 26, 2024--Personal income increased $50.4 billion (0.2% at a monthly rate) in June, according to estimates released by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI), personal income less personal current taxes, increased $37.7 billion (0.2%), and personal consumption expenditures (PCE) increased $57.6 billion (0.3%).

The PCE price index increased 0.1%. Excluding food and energy, the PCE price index increased 0.2%. Real DPI increased 0.1% in June, and real PCE increased 0.2%; goods increased 0.2% and services increased 0.2%.