US incomes jump in July, prices slightly mixed
By Alexander Bueso
Date: Friday 29 Aug 2025
(Sharecast News) - Americans' incomes and spending grew briskly in July, while price pressures picked up a tad.
According to the US Department of Commerce, personal incomes and spending rose at a month-on-month of 0.4% and 0.5%, respectively.
Both readings were in-line with economists' forecasts.
So too the 2.6% rate of increase in the headline price deflator for personal consumption expenditures.
At the core level however, the Fed's preferred price gauge, PCE inflation picked up by one tenth of a percentage point to 2.9% (consensus: 2.8%).
The personal rate of savings meanwhile was unchanged from the month before at 4.4%.
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