Bureau of Economic Analysis Reports Personal Income Decreased $3.21 trillion or -13.1% in April

The Bureau of Economic Analysis (BEA) today, Friday, May 28, 2021, reported that according to their latest estimates that Personal Income decreased $3.21 trillion or -13.1% in April. Disposable Personal Income (DPI) decreased $3.22 trillion, or -14.6%; and Person Consumption Expenditures (PCE) increased $80.3 billion or 0.5%. Real DPI decreased -15.1% in April and Real PCS decreased -0.1%; goods decreased -1.3% but service increased 0.6%. The PCE price index increased 0.6%. Excluding food and energy, the PCE price index increased 0.7%. Personal Outlays increased $82.8 billion in April. Personal saving was $2.81 trillion in April and the personal saving rate — personal saving as a percentage of disposable personal income — was 14.9%. Year-over-year in April the PCE price index increased 3.6%, reflecting increases in both goods and services. Energy prices increased 24.8% while food prices increased 0.9%. Excluding food and energy, the PCE price index increased 3.1% in April from one year ago.