Personal income increased $113.4 billion, or 0.5 percent at a monthly rate, while consumer spending increased $32.7 billion, or 0.2 percent, in May. The increase in personal income primarily reflected an increase in compensation. The personal saving rate (that is, personal saving as a percentage of disposable personal income) was 5.4 percent in May, compared with 5.2 percent in April.
**Personal income** increased $113.4 billion (0.5 percent) in May, according to the Bureau of Economic Analysis (tables 3 and 5). **Disposable personal income** (DPI) increased $96.5 billion (0.5 percent) and **personal consumption expenditures** (PCE) increased $32.7 billion (0.2 percent).
**Real DPI** decreased 0.1 percent in May and **Real PCE** decreased 0.4 percent; goods decreased 1.6 percent and services increased 0.3 percent (tables 5 and 7). The **PCE price index** increased 0.6 percent. Excluding food and energy, the PCE price index increased 0.3 percent (table 9).
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