Personal Income Rose 0.3% in March, Spending Virtually Flat

Washington, DC, April 28, 2023-Personal income increased $67.9 billion (0.3%) in March, according to estimates released by the Bureau of Economic Analysis.

Disposable personal income (DPI) increased $71.7 billion (0.4%), and personal consumption expenditures (PCE) increased $8.2 billion (less than 0.1%).

The PCE price index increased 0.1%. Excluding food and energy, the PCE price index increased 0.3%. Real DPI increased 0.3% in March, and Real PCE decreased less than 0.1%; goods decreased 0.4% and services increased 0.1%.