Thursday, July 30, 2026

Inflation: Personal Consumption Expenditures Price Index, July 30, 2026

The PCE Price Index decreased 0.1% for the month of June, 2026 and increased 3.7% over the twelve months.

From the Bureau of Economic Analysis, July 30

EMBARGOED UNTIL RELEASE AT 8:30 a.m. EDT, Thursday, July 30, 2026
BEA 26—36

Personal Income and Outlays, June 2026

Personal income increased $54.9 billion (0.2 percent at a monthly rate) in June, according to estimates released today by the U.S. Bureau of Economic Analysis (BEA). Disposable personal income (DPI)—personal income less personal current taxes—increased $48.3 billion (0.2 percent), and personal consumption expenditures (PCE) increased $65.2 billion (0.3 percent).

Disposable Personal Income, Outlays, and Saving

Personal outlays—the sum of PCE, personal interest payments, and personal current transfer payments—increased $70.0 billion in June. Personal saving was $646.1 billion in June, and the personal saving rate—personal saving as a percentage of DPI—was 2.7 percent.

The increase in current-dollar personal income in June primarily reflected increases in compensation, personal income receipts on assets, and government social benefits that were partly offset by a decrease in farm proprietors’ income.

The $65.2 billion increase in current-dollar PCE in June reflected increases of $58.2 billion in spending on services and $7.0 billion in spending on goods.

 

Changes in Monthly Consumer Spending June 2026

Real PCE increased $68.0 billion (0.4 percent at a monthly rate) in June.

From the preceding month, the PCE price index for June decreased 0.1 percent. Excluding food and energy, the PCE price index increased 0.1 percent.

From the same month one year ago, the PCE price index for June increased 3.7 percent. Excluding food and energy, the PCE price index increased 3.3 percent from one year ago.

PCE Price Indexes, Percent Change From Month One Year Ago
Personal Income and Related Measures
[Percent change from preceding month]
 MayJune
Current-dollar personal income0.70.2
Current-dollar DPI0.70.2
Real DPI0.20.3
Current-dollar PCE0.90.3
Real PCE0.40.4
PCE price index0.5-0.1
PCE price index excluding food and energy0.30.1