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August 31, 2023

July 2023 Personal Income and Outlays
Historical Comparisons

Dollar change from preceding month (in billions):
Personal income
Disposable personal income (DPI)
Personal consumption expenditures (PCE)
Personal saving
Percent change from preceding month:
Personal income
DPI
PCE
Dollar change from preceding month (in billions):
DPI
PCE
Percent change from preceding month:
DPI
PCE
Percent change from preceding month:
PCE
PCE, excluding food and energy
Percent change from month one year ago:
PCE
PCE, excluding food and energy
Personal saving rate
Source: U.S. Bureau of Economic Analysis

Last period with
Jul23
equal value
Current dollars
45.0
7.3
144.6
-146.5

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Last period with
larger value

2023M06
2023M06
2023M01
2023M06

61.3
45.3
340.1
-87.1

Last period with
smaller value

2022M12
2022M01
2023M06
2022M01

41.8
-316.2
114.7
-526.7

0.2 2023M06
0.0 2023M06
0.8 2023M01

0.3 2022M01
0.2 2022M01
1.9 2023M06

-0.1
-1.7
0.6

2023M06
2023M01

3.6 2022M06
187.8 2023M06

-63.3
60.9

-0.2 2019M04
0.6 2020M08
Chain-type price indexes

-0.2 2023M06
0.6 2023M01

0.0 2022M06
1.3 2023M06

-0.4
0.4

0.2 2023M06
0.2 2023M06

0.2 2023M04
0.2 2023M05

0.3 2023M05
0.3 2022M07

0.1
0.1

3.3 2008M05
3.3 2023M05
4.2 1991M01
4.2 2023M05
Personal saving as a percentage of DPI
3.5 2022M11
3.5 2023M06

3.8 2023M06
4.5 2023M06

3.0
4.1

4.3 2022M10

3.0

0.2 2022M12
0.0 2021M06
0.8 2021M09
Chained dollars
-27.7 --82.7 ---

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