Personal Income and Spending Rose 0.2% in August

Washington, DC, September 27, 2024-Personal income increased $50.5 billion (0.2% at a monthly rate) in August, according to estimates released by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI), personal income less personal current taxes, increased $34.2 billion (0.2%) and personal consumption expenditures (PCE) increased $47.2 billion (0.2%).

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