| Jun 2026 | May 2026 | Chg. from May 2026 | |
|---|---|---|---|
| Income and outlays growth (m/m) | |||
| Real Disposable Personal Income | 0.31% | 0.24% | +0.07pp |
| Real Personal Consumption Expenditures | 0.40% | 0.39% | +0.01pp |
| Month-over-month PCE inflation | |||
| Headline | -0.11% | 0.46% | -0.57pp |
| Core | 0.13% | 0.33% | -0.20pp |
| Year-over-year PCE inflation | |||
| Headline | 3.67% | 4.08% | -0.41pp |
| Core | 3.29% | 3.42% | -0.13pp |
| Cleveland Fed forecast | Actual | Forecast error | |
|---|---|---|---|
| Month-over-month PCE inflation | |||
| Headline | -0.12% | -0.11% | -0.01pp |
| Core | 0.19% | 0.13% | +0.06pp |
| Year-over-year PCE inflation | |||
| Headline | 3.65% | 3.67% | -0.02pp |
| Core | 3.33% | 3.29% | +0.04pp |
| Expenditure category | Jun 2026 | May 2026 | Chg. from May 2026 | Jun 2025 | Chg. from Jun 2025 |
|---|---|---|---|---|---|
| Housing and utilities |
$3,955.9B (17.83%) |
$3,950.2B (17.86%) |
+0.14% (-0.03pp) |
$3,802.7B (18.22%) |
+4.03% (-0.39pp) |
| Health care |
$3,741.0B (16.86%) |
$3,718.2B (16.81%) |
+0.61% (+0.05pp) |
$3,537.7B (16.95%) |
+5.75% (-0.09pp) |
| Financial services and insurance |
$1,851.2B (8.34%) |
$1,837.2B (8.31%) |
+0.76% (+0.04pp) |
$1,669.0B (8.00%) |
+10.92% (+0.35pp) |
| Food and beverages purchased for off-premises consumption |
$1,573.9B (7.09%) |
$1,568.3B (7.09%) |
+0.36% (+0.00pp) |
$1,527.7B (7.32%) |
+3.03% (-0.23pp) |
| Food services and accommodations |
$1,560.7B (7.04%) |
$1,557.9B (7.04%) |
+0.18% (-0.01pp) |
$1,499.2B (7.18%) |
+4.10% (-0.15pp) |
| Motor vehicles and parts |
$784.0B (3.53%) |
$766.6B (3.47%) |
+2.27% (+0.07pp) |
$747.7B (3.58%) |
+4.85% (-0.05pp) |
| Recreational goods and vehicles |
$779.2B (3.51%) |
$765.4B (3.46%) |
+1.81% (+0.05pp) |
$696.9B (3.34%) |
+11.82% (+0.17pp) |
| Transportation services |
$767.7B (3.46%) |
$760.6B (3.44%) |
+0.93% (+0.02pp) |
$698.4B (3.35%) |
+9.92% (+0.11pp) |
| Pharmaceutical and other medical products |
$748.6B (3.37%) |
$750.9B (3.39%) |
-0.30% (-0.02pp) |
$729.3B (3.49%) |
+2.65% (-0.12pp) |
| Clothing and footwear |
$605.9B (2.73%) |
$599.4B (2.71%) |
+1.09% (+0.02pp) |
$562.0B (2.69%) |
+7.80% (+0.04pp) |
| Furnishings and durable household equipment |
$538.5B (2.43%) |
$533.6B (2.41%) |
+0.92% (+0.01pp) |
$509.5B (2.44%) |
+5.71% (-0.01pp) |
| Gasoline and other energy goods |
$507.8B (2.29%) |
$555.9B (2.51%) |
-8.65% (-0.22pp) |
$413.1B (1.98%) |
+22.94% (+0.31pp) |
| Education services |
$373.4B (1.68%) |
$370.9B (1.68%) |
+0.69% (+0.01pp) |
$362.5B (1.74%) |
+3.00% (-0.05pp) |
| Communication |
$326.3B (1.47%) |
$330.3B (1.49%) |
-1.19% (-0.02pp) |
$322.4B (1.54%) |
+1.22% (-0.07pp) |
| All other expenditures |
$4,070.0B (18.35%) |
$4,053.6B (18.33%) |
+0.40% (+0.02pp) |
$3,790.3B (18.16%) |
+7.38% (+0.18pp) |
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 |
|---|---|---|---|
| Aug 04 | 08:30 AM | Monthly Trade Update, June 2026 | Bureau of Economic Analysis |
| Aug 07 | 08:30 AM | Monthly Employment Update, July 2026 | Bureau of Labor Statistics |
| Aug 07 | 10:00 AM | Monthly Debt Update, August 2026 | U.S. Treasury |
| Aug 12 | 08:30 AM | Monthly Inflation Update, July 2026 | Bureau of Labor Statistics |
| Aug 13 | 10:00 AM | Monthly Fiscal Update, July 2026 | U.S. Treasury |
| Aug 21 | 10:00 AM | State Employment and Unemployment, July 2026 | Bureau of Labor Statistics |
| Aug 26 | 08:30 AM | Monthly Expenditures Update, July 2026 | Bureau of Economic Analysis |
| Aug 26 | 08:30 AM | Monthly GDP Update, Q2 2026 Second Estimate | Bureau of Economic Analysis |
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.