Inflation Impacting Personal Income and Outlays for June 2022

The US Bureau of Economic Analysis (BEA) reported on Friday (7-29-22) that, according to their estimates, personal income (PI) increased $133.5 billion, or 0.6%, in June. Disposable personal income (DPI) increased $120.4 billion, or 0.7%, in June. Personal consumption expenditures (PCE) increased $181.1 billion, or 1.1%, in June.

Real DPI decreased 0.3% in June, and Real PCE increased 0.1%; goods increased 0.1%, while spending on services increased 0.1%. The PCE price index for June increased 1.0%. Excluding food and energy, the PCE price index for June increased 0.6%.

Year-over-year the PCE price index for June increased 6.8%, reflecting prices for goods increasing 10.4% and the prices for service increasing 4.9%. Energy prices increased 43.5% in June, while food prices increased 11.2%. Excluding food and energy, the PCE price index for June increased 4.8% from June 2021.

Personal outlays increased $186.5 billion in June. Personal saving was $944.5 billion in June, and the personal saving rate—personal saving as a percentage of disposable personal income—was 5.1.%


FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.
Original Source:
Personal Income and Outlays, June 2022