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Friday, September 27, 2019
Contact: Thomas Dail, (301) 278-9003

Real Disposable Personal Income Rises in August
Jun.

Jul.

Aug.

Personal
Income

0.4%

0.1%

0.4%

Current-dollar disposable personal income (DPI),
after-tax income, increased 0.5 percent in August after increasing 0.3
percent in July.

Currentdollar
DPI

0.4%

0.3%

0.5%

Real DPI, income adjusted for taxes and inflation, increased 0.4
percent in August after showing no change in July.

Real DPI

0.3%

0.0%

0.4%

Real PCE

0.2%

0.3%

0.1%

PCE
Prices

0.1%

0.2%

0.0%

8.1%

7.8%

8.1%

Personal income increased 0.4 percent in August after increasing 0.1
percent in July. Wages and salaries, the largest component of personal
income, increased 0.6 percent in August after increasing 0.2 percent in
July.

Real consumer spending (PCE), spending adjusted for price changes,
increased 0.1 percent in August after increasing 0.3 percent in July.
Spending on durable goods increased 0.9 percent in August after
increasing 0.8 percent in July.
PCE prices were unchanged in August after increasing 0.2 percent in
July. Excluding food and energy, PCE prices increased 0.1 percent in
August after increasing 0.2 percent in July.
Personal saving rate
Personal saving as a percent of DPI was 8.1 percent in August and 7.8
percent in July.

Personal
Saving
Rate

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 October 31, 2019, September estimates of Personal Income and Outlays will be released.