US rose 0.4 per cent in July while consumer spending increased 0.2 per cent, with almost no price-adjusted growth.
Income grew faster than expenditure
US increased US$115.1 billion, or 0.4 per cent, in July 2026, while rose US$125.9 billion, or 0.5 per cent, the Bureau of Economic Analysis reported.
Higher wages and salaries, Medicaid and Medicare benefits, and contributed to the income gain.
increased US$36.3 billion, or 0.2 per cent. Total , which include spending beyond consumption, rose US$36.6 billion.
was US$712 billion at an annual rate, expressing the saving pace on a yearly basis. The was three per cent of .
Opposing spending movements
The spending detail shows US$86.2 billion more in services expenditure and US$49.9 billion less in goods expenditure. The headline consumption increase therefore reflects substantial movements in opposite directions.
, adjusted for price changes, rose only US$1.3 billion, less than 0.1 per cent during July. This is a smaller volume movement than the spending increase, illustrating the difference between expenditure measured in current money and expenditure adjusted for prices.
The increased 0.2 per cent during the month. The index also rose 0.2 per cent. Relative to July 2025, the increases were 3.7 per cent overall and 3.3 per cent .
The monthly price figures compare July with June; the annual figures compare July with the same month a year earlier.
Revisions and the report’s timetable
The BEA revised April–June estimates using updated wage data from the Current Employment Statistics programme and benefit information from CMS. Revisions incorporate improved source information into the account of earlier months.
The BEA published the July release on August 26 and scheduled its annual update for September 30.
