Thursday, April 9, 2026

Inflation: Personal Income and Expenditures, April 9 2026 (PCE Price Index UP 0.4% Monthly; UP 2.8% Year-over-Year)

With a February 28 cut-off the numbers don't include Iran war effects. 

From the Bureau of Economic Analysis, Apr. 9:

Personal Income and Outlays, February 2026

Personal income decreased $18.2 billion (0.1 percent at a monthly rate) in February, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI)—personal income less personal current taxes—decreased $18.3 billion (0.1 percent), and personal consumption expenditures (PCE) increased $103.2 billion (0.5 percent).

This report for February 2026, originally scheduled for March 27, 2026, was rescheduled due to the October–November 2025 government shutdown.

Disposable Personal Income, Outlays, and Saving

Personal outlays—the sum of PCE, personal interest payments, and personal current transfer payments—increased $106.5 billion in February. Personal saving was $931.5 billion in February, and the personal saving rate—personal saving as a percentage of DPI—was 4.0 percent.

The decrease in current-dollar personal income in February primarily reflected decreases in personal dividend income and personal current transfer receipts.

The $103.2 billion increase in current-dollar PCE in February reflected increases of $58.7 billion in spending on goods and $44.5 billion in spending on services.

Changes in Monthly Consumer Spending February 2026

Real PCE increased $17.3 billion (0.1 percent at a monthly rate) in February.

From the preceding month, the PCE price index for February increased 0.4 percent. Excluding food and energy, the PCE price index also increased 0.4 percent.

From the same month one year ago, the PCE price index for February increased 2.8 percent. Excluding food and energy, the PCE price index increased 3.0 percent from one year ago....

....MUCH MORE