June PCE prices fell 0.1% from May; they were 3.7% above a year earlier

In June, the PCE price index was 0.1% lower than in May and 3.7% higher than a year earlier. Households saved 2.7% of disposable income that month. This is a monthly accounts release, not the quarterly GDP price line.

Prices in the PCE index slipped on the month and remained 3.7% above a year earlier. Personal income rose 0.2%, or $54.9 billion. Disposable personal income rose 0.2%, or $48.3 billion. Consumer spending (PCE) rose 0.3%, or $65.2 billion. Real PCE rose 0.4%, or $68.0 billion. Personal saving was $646.1 billion.

BEA’s June personal-income release, out at 8:30 a.m. EDT on 07-30-2026, is a monthly snapshot. The PCE price index fell 0.1% from May. From a year earlier it was up 3.7%. Excluding food and energy, the same index rose 0.1% on the month and 3.3% from a year earlier.

Income moved too. Personal income increased 0.2%, or $54.9 billion, from May. Disposable personal income increased 0.2%, or $48.3 billion. Spending, as PCE, increased 0.3%, or $65.2 billion. After prices, real PCE increased 0.4%, or $68.0 billion.

Saving in June was $646.1 billion, 2.7% of disposable personal income.

The GDP advance for 2026:Q2 reports a PCE price index of 5.1% at a quarterly seasonally adjusted annual rate. That is not this 3.7% year-ago print, and it is not a CPI figure. This page does not carry CPI.