The Bureau of Economic Analysis reported that current-dollar personal income rose 0.7 percent in May 2026, rebounding from flat growth in April, driven by gains in private wages and salaries along with a boost in farm proprietors' income from a second round of USDA Supplemental Disaster Relief payments. Disposable personal income also climbed 0.7 percent, with real inflation-adjusted DPI edging up 0.3 percent. Personal consumption expenditures increased 0.7 percent, with service spending rising by $94.3 billion and goods spending by $61.8 billion. The overall PCE price index climbed 0.4 percent for the month, pushing the year-over-year inflation rate to 4.1 percent, up from April's 3.8 percent, while core PCE inflation rose 0.3 percent for the month and sits at 3.4 percent compared to a year ago. The personal saving rate ticked up slightly to 3 percent from April's 2.6 percent.