From the Bureau of Economic Analysis, April 30:
Personal Income and Outlays, March 2025
Personal income increased $116.8 billion (0.5 percent at a monthly rate) in March, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI)—personal income less personal current taxes—increased $102.0 billion (0.5 percent) and personal consumption expenditures (PCE) increased $134.5 billion (0.7 percent).
Personal outlays—the sum of PCE, personal interest payments, and personal current transfer payments—increased $136.6 billion in March. Personal saving was $872.3 billion in March and the personal saving rate—personal saving as a percentage of disposable personal income—was 3.9 percent.
The increase in current-dollar personal income in March primarily reflected increases in compensation and proprietors’ income.
The $134.5 billion increase in current-dollar PCE in March reflected increases of $54.5 billion in spending for goods and $79.9 billion in spending for services.
From the preceding month, the PCE price index for March decreased less than 0.1 percent. Excluding food and energy, the PCE price index increased less than 0.1 percent.
From the same month one year ago, the PCE price index for March increased 2.3 percent. Excluding food and energy, the PCE price index increased 2.6 percent from one year ago.
| Personal Income and Related Measures [Percent change from Feb. to Mar.] |
||||
|---|---|---|---|---|
| Current-dollar personal income | 0.5 | |||
| Current-dollar disposable personal income | 0.5 | |||
| Real disposable personal income | 0.5 | |||
| Current-dollar personal consumption expenditures (PCE) | 0.7 | |||
| Real PCE | 0.7 | |||
| PCE price index | 0.0 | |||
| PCE price index, excluding food and energy | 0.0 | |||
Here is the complete release with tables (10 page PDF)
Tables 5 and 7 have the details of the price index.
