Personal Income Rose 1.1% in July, Spending Rose 0.3%
Washington, DC, August 27, 2021-Personal income increased $225.9 billion (1.1%) in July, according to estimates released by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $198.0 billion (1.1%), and personal consumption expenditures (PCE) increased $42.2 billion (0.3%).
Real DPI increased 0.7% in July, and Real PCE decreased 0.1%; goods decreased 1.6%, and services increased 0.6%. The PCE price index increased 0.4%. Excluding food and energy, the PCE price index increased 0.3%.