Food prices increased 6.9 percent and energy prices decreased 6.3 percent. Prices for goods increased 2.1 percent and prices for services increased 5.5 percent. Detailed monthly PCE price indexes can be found on Table 2.4.4U.įrom the same month one year ago, the PCE price index for April increased 4.4 percent (table 11). Excluding food and energy, the PCE price index increased 0.4 percent. Food prices decreased less than 0.1 percent, and energy prices increased 0.7 percent. Prices for goods increased 0.3 percent and prices for services increased 0.4 percent. Personal saving was $802.1 billion in April and the personal saving rate-personal saving as a percentage of disposable personal income-was 4.1 percent (table 1).įrom the preceding month, the PCE price index for April increased 0.4 percent (table 9). Personal outlays increased $156.0 billion in April (table 3). Detailed information on monthly PCE spending can be found on Table 2.4.5U. Within goods, spending for motor vehicles and parts (led by new motor vehicles) and “other” nondurable goods (notably pharmaceutical products) were the largest contributors to the increase. Within services, the largest contributors to the increase were spending for financial services and insurance, health care, and “other” services (notably professional and other services). The $151.7 billion increase in current-dollar PCE in April reflected an increase of $86.9 billion in spending for services and a $64.8 billion in spending for goods (table 3). The decrease in personal current transfer receipts was led by a decrease in “other” government social benefits. The increase in personal income receipts on assets reflected increases in both personal interest income and personal dividend income. The increase in compensation was led by private wages and salaries. The increase in current-dollar personal income in April primarily reflected increases in compensation and personal income receipts on assets that were partly offset by a decrease in personal current transfer receipts (table 3).
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