Personal Income, Disposable Income, and Personal Consumption Expenditures All Increased in April 2022

The U.S. Bureau of Economic Analysis (BEA) reported on Friday (5-27-22) that according to their estimates, personal income (PI) increased $89.3 billion, or 0.4%, in April. Disposable personal income (DPI) increased $48.3 billion, or 0.3%, in April. Personal consumption expenditures (PCE) increased $152.3 billion, or 0.9%, in April.

Real DPI increased less than 0.1% in April, while Real PCE increased 0.7%; goods increased 1.0% and spending on services increased 0.5%. The PCE price index for April increased 0.2%. Excluding food and energy, the PCE price index for April increased 0.3%.

Year-over-year, the PCE price index for April increased 6.3%, reflecting increases in both goods and services. Energy prices increased 30.4% while food prices increased 10.4%. Excluding food and energy, the PCE price index for April increased 4.9% from one year ago.

Personal outlays increased $155.3 billion in April. Personal saving was $815.3 billion in April and the personal saving rate—personal saving as a percentage of disposable personal income—was 4.4%.


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, April 2022