March 26, 2017

July Consumer Statistics

Disposable personal income – one’s income after taxes – increased .2% or $17.6 billion in July. However, real disposable personal income – one’s disposable income adjusted to remove price changes – actually decreased .1%, according to the Commerce Department [.pdf]. The category of expenses whose price index increased the most was gasoline and electric services, which went up 2.6% from June to July.

Excluding food and energy costs, real personal consumption expenditures increased .1%. The category of expenditures responsible for this lackluster increase is car parts and sales. 11.6 million cars were sold in July, whereas 11.2 million were sold in June, according to Bloomberg.

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