Economic Buzz: US personal spending up 0.3% in June
The PCE price index, the preferred measure of inflation for the Federal Reserve, decreased by 0.1% on a monthly basis in June, while climbing by 3.7% compared to the same month in the previous year. Excluding food and energy, the PCE price index advanced by 0.1% compared to May, and by 3.3% compared to June 2025.
Meanwhile, personal income rose 0.2% or $54.9 billion in the reported month compared to the previous month, while disposable personal income (DPI) grew by $48.3 billion or 0.2%.
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