| Jul 2026 | Jun 2026 | Chg. from Jun 2026 | |
|---|---|---|---|
| Income and outlays growth (m/m) | |||
| Real Disposable Personal Income | 0.37% | 0.30% | +0.07pp |
| Real Personal Consumption Expenditures | 0.01% | 0.44% | -0.43pp |
| Month-over-month PCE inflation | |||
| Headline | 0.16% | -0.09% | +0.25pp |
| Core | 0.25% | 0.15% | +0.10pp |
| Year-over-year PCE inflation | |||
| Headline | 3.70% | 3.72% | -0.02pp |
| Core | 3.34% | 3.34% | +0.00pp |
| Cleveland Fed forecast | Actual | Forecast error | |
|---|---|---|---|
| Month-over-month PCE inflation | |||
| Headline | 0.15% | 0.16% | -0.01pp |
| Core | 0.25% | 0.25% | -0.00pp |
| Year-over-year PCE inflation | |||
| Headline | 3.65% | 3.70% | -0.05pp |
| Core | 3.29% | 3.34% | -0.05pp |
| Expenditure category | Jul 2026 | Jun 2026 | Chg. from Jun 2026 | Jul 2025 | Chg. from Jul 2025 |
|---|---|---|---|---|---|
| Housing and utilities |
$3,979.8B (17.89%) |
$3,963.4B (17.84%) |
+0.41% (+0.04pp) |
$3,809.5B (18.13%) |
+4.47% (-0.25pp) |
| Health care |
$3,830.8B (17.22%) |
$3,807.7B (17.14%) |
+0.61% (+0.08pp) |
$3,567.2B (16.98%) |
+7.39% (+0.24pp) |
| Financial services and insurance |
$1,880.2B (8.45%) |
$1,855.9B (8.35%) |
+1.31% (+0.10pp) |
$1,699.4B (8.09%) |
+10.64% (+0.36pp) |
| Food and beverages purchased for off-premises consumption |
$1,570.7B (7.06%) |
$1,573.1B (7.08%) |
-0.15% (-0.02pp) |
$1,533.8B (7.30%) |
+2.41% (-0.24pp) |
| Food services and accommodations |
$1,567.5B (7.04%) |
$1,562.9B (7.04%) |
+0.30% (+0.01pp) |
$1,501.1B (7.15%) |
+4.43% (-0.10pp) |
| Transportation services |
$774.8B (3.48%) |
$770.0B (3.47%) |
+0.63% (+0.02pp) |
$700.6B (3.34%) |
+10.59% (+0.15pp) |
| Motor vehicles and parts |
$770.3B (3.46%) |
$779.6B (3.51%) |
-1.20% (-0.05pp) |
$764.3B (3.64%) |
+0.78% (-0.18pp) |
| Recreational goods and vehicles |
$754.0B (3.39%) |
$767.6B (3.46%) |
-1.77% (-0.07pp) |
$702.0B (3.34%) |
+7.40% (+0.05pp) |
| Pharmaceutical and other medical products |
$752.3B (3.38%) |
$750.3B (3.38%) |
+0.26% (+0.00pp) |
$738.5B (3.52%) |
+1.86% (-0.13pp) |
| Clothing and footwear |
$599.6B (2.69%) |
$601.8B (2.71%) |
-0.36% (-0.01pp) |
$565.8B (2.69%) |
+5.98% (+0.00pp) |
| Furnishings and durable household equipment |
$533.7B (2.40%) |
$537.5B (2.42%) |
-0.71% (-0.02pp) |
$509.5B (2.43%) |
+4.75% (-0.03pp) |
| Gasoline and other energy goods |
$490.4B (2.20%) |
$504.4B (2.27%) |
-2.77% (-0.07pp) |
$401.7B (1.91%) |
+22.08% (+0.29pp) |
| Education services |
$372.7B (1.68%) |
$371.5B (1.67%) |
+0.33% (+0.00pp) |
$364.8B (1.74%) |
+2.19% (-0.06pp) |
| Communication |
$325.4B (1.46%) |
$322.8B (1.45%) |
+0.81% (+0.01pp) |
$320.2B (1.52%) |
+1.64% (-0.06pp) |
| All other expenditures |
$4,048.1B (18.19%) |
$4,045.6B (18.21%) |
+0.06% (-0.02pp) |
$3,829.0B (18.23%) |
+5.72% (-0.03pp) |
Note: Each month column shows the nominal dollar amount at a seasonally adjusted annual rate (SAAR) for each expenditure category and its share of total expenditure in parentheses. In the gray “change” columns, the percent value indicates the change in the annualized dollar amount over the period, and the percentage-point value in parentheses indicates the change in that category’s share of total expenditure over the period.
| Date | Time | Release | Data source |
|---|---|---|---|
| Sep 03 | 08:30 AM | Monthly Trade Update, July 2026 | Bureau of Economic Analysis |
| Sep 04 | 08:30 AM | Monthly Employment Update, August 2026 | Bureau of Labor Statistics |
| Sep 08 | 10:00 AM | Monthly Debt Update, September 2026 | U.S. Treasury |
| Sep 11 | 08:30 AM | Monthly Inflation Update, August 2026 | Bureau of Labor Statistics |
| Sep 14 | 10:00 AM | Monthly Fiscal Update, August 2026 | U.S. Treasury |
| Sep 18 | 10:00 AM | State Employment and Unemployment, August 2026 | Bureau of Labor Statistics |
Source: Bureau of Economic Analysis; JEC Republicans calculations
“pp” = percentage points; “M/M” = month over month; “Y/Y” = year over year
Consistent with the Bureau of Economic Analysis, monthly figures are seasonally adjusted. Discrepancy in change figures is possible due to rounding.