by Bill McBride on 8/02/2016 08:34:00 AM
Tuesday, August 02, 2016
The BEA released the Personal Income and Outlays report for June:
Personal income increased $29.3 billion (0.2 percent) in June according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $24.6 billion (0.2 percent) and personal consumption expenditures (PCE) increased $53.0 billion (0.4 percent).On inflation: The PCE price index increased 0.9 percent year-over-year partially due to the sharp decline in oil prices. The core PCE price index (excluding food and energy) increased 1.6 percent year-over-year in June (same as in May).
Real PCE increased 0.3 percent. ... The PCE price index increased 0.1 percent. Excluding food and energy, the PCE price index increased 0.1 percent.
Posted by Bill McBride on 8/02/2016 08:34:00 AM