Personal Consumption Expenditures Price Index Up 0.4% For July, 4.2% Year-over-Year

First up, from the Bureau of Economic Analysis, August 27, the news release:

EMBARGOED UNTIL RELEASE AT 8:30 A.M. EDT, FRIDAY, AUGUST 27, 2021

BEA 21-41

Personal Income and Outlays, July 2021

Personal income increased $225.9 billion (1.1 percent) in July according to estimates released today by the Bureau of Economic Analysis (tables 3 and 5). Disposable personal income (DPI) increased $198.0 billion (1.1 percent) and personal consumption expenditures (PCE) increased $42.2 billion (0.3 percent).

Real DPI increased 0.7 percent in July and Real PCE decreased 0.1 percent; goods decreased 1.6 percent and services increased 0.6 percent (tables 5 and 7). The PCE price index increased 0.4 percent. Excluding food and energy, the PCE price index increased 0.3 percent (table 9).

....MUCH MORE

And the full report (12 page PDF) 

See also the graphs in "Personal Income and Outlays, July 2021" ( 4 page PDF)

More to come.