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Tuesday August 3, 2010 CONSUMER SPENDING RISES IN JUNE Personal income was unchanged in June after increasing 0.3 percent in May. Wages and salaries, the largest component of personal income, decreased 0.1 percent in June, in contrast to a 0.4 percent increase in May. Real disposable personal income (DPI), income adjusted for inflation and taxes, increased 0.2 percent in June following a 0.4 percent increase in May. Real consumer spending, spending adjusted for price changes, increased 0.1 percent in June after increasing 0.2 percent in May. PCE prices decreased in June and May by 0.1 percent. Excluding food and energy, the PCE price index was flat in June after increasing 0.1 percent in May. Personal saving rate Personal saving as a percent of disposable personal income was 6.4 percent in June, compared to 6.3 percent in May. April May June Personal Income 0.4% 0.3% 0.0% Real DPI 0.5% 0.4% 0.2% Real PCE -0.1% 0.2% 0.1% PCE Prices 0.0% -0.1% -0.1% May June 6.3% 6.4% April Personal Saving Rate 6.0% Real Disposable Personal Income and Real Consumer Spending Percent change (monthly) 1.0 0.5 Real Disposable Personal Income 0.0 -0.5 Real Consumer Spending -1.0 Mar Apr May Jun 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 August 30, 2010, the July estimates of personal income and outlays will be released. Contact: Ralph Stewart 202–606–2649 Bureau of Economic Analysis, U.S. Department of Commerce