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August 28, 2015 Personal Income Rises in July May June July 0.4% 0.4% 0.4% Personal income increased 0.4 percent in July, the same as in June and May. Wages and salaries, the largest component of personal income, rose 0.5 percent in July after rising 0.2 percent in June. Personal Income Current-dollar disposable personal income (DPI), after-tax income, increased 0.5 percent in July after increasing 0.4 percent in June. Currentdollar DPI 0.4% 0.4% 0.5% Real DPI, income adjusted for taxes and inflation, increased 0.4 percent in July after increasing 0.2 percent in June. Real DPI 0.1% 0.2% 0.4% Real consumer spending (PCE), spending adjusted for price changes, increased 0.2 percent in July after increasing less than 0.1 percent in June. Spending on durable goods increased 1.3 percent in July after decreasing 0.9 percent in June. Real PCE 0.5% 0.0% 0.2% PCE Prices 0.3% 0.2% 0.1% Personal Saving Rate 4.6% 4.7% 4.9% PCE prices increased 0.1 percent in July, after increasing 0.2 percent in June. Excluding food and energy, PCE prices increased 0.1 percent in July and in June. Personal saving rate Personal saving as a percent of DPI was 4.9 percent in July and 4.7 percent in June. Percent Change (Monthly Rate) Real Disposable Personal Income and Real Consumer Spending 0.6 0.4 0.2 0.0 -0.2 -0.4 Apr May Real Disposable Personal Income Jun Jul Real Consumer Spending Source: .ureau of Economic Analysis BEA data—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 on the BEA Web site: www.bea.gov. E-mail alerts are also available. NOTE: On September 28, 2015, the estimates of August personal income and outlays will be released. Contact: Jeannine Aversa 202–606–2649 Bureau of Economic Analysis, U.S. Department of Commerce