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Thursday, May 31, 2018
Contact: Jeannine Aversa, (301)278-9003

Real Disposable Personal Income Increases in April
Personal income increased 0.3 percent in April after increasing
0.2 percent in March. Wages and salaries, the largest
component of personal income, increased 0.4 percent in April
after increasing 0.2 percent in March.

Feb.

Mar.

Apr.

Personal
Income

0.3%

0.2%

0.3%

Currentdollar
DPI

0.3%

0.2%

0.4%

Real DPI

0.1%

0.2%

0.2%

Real PCE

–0.1%

0.5%

0.4%

PCE prices increased 0.2 percent in April after showing no
change in March. Excluding food and energy, PCE prices
increased 0.2 percent in April, the same increase as in March.

PCE
Prices

0.1%

0.0%

0.2%

Personal saving rate
Personal saving as a percent of DPI was 2.8 percent in April
following 3.0 percent in March.

Personal
Saving
Rate

3.3%

3.0%

2.8%

Current-dollar disposable personal income (DPI),
after-tax income, increased 0.4 percent in April after increasing
0.2 percent in March.
Real DPI, income adjusted for taxes and inflation, increased 0.2
percent in April, the same increase as in March.
Real consumer spending (PCE), spending adjusted for price
changes, increased 0.4 percent in April after increasing 0.5
percent in March. Spending on durable goods increased 0.3
percent in April after increasing 1.9 percent in March.

Percent Change (Monthly Rate)

Real Disposable Personal Income and
Real Consumer Spending
0.6

0.4

0.2

0.0

-0.2
Jan.

Feb.

Real Disposable Personal Income

Mar.

Apr.

Real Consum er Spending

Source: Bureau of Economic Analysis

BEA statistics—including GDP, personal income, the balance of payments, foreign direct investment, the input-output accounts,
and economic data for states, local areas, and industries—are available at www.bea.gov. E-mail alerts are also available.
NOTE: On June 29, 2018 the May estimates of Personal Income and Outlays will be released.