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

Current-dollar disposable personal income (DPI), after-tax income, increased 0.4% in September after increasing 0.1% in August.

Real DPI, income adjusted for taxes and inflation, was unchanged in September after decreasing 0.1% in August.

Real consumer spending (PCE), spending adjusted for price changes, increased 0.6% in September after decreasing 0.1% in August. Spending on durable goods increased 3.5% in September after decreasing 1.4% in August.

PCE prices increased 0.4% in September after increasing
0.2% in August. Excluding food and energy, PCE prices
increased 0.1% in September, the same increase as in

Personal saving rate
Personal saving as a percent of DPI was 3.1% in September and 3.6% in August.

Trends are outlined in the charts below and for more information, read the full report.

Personal Income September 2017

Personal Spending September 2017