BEA, Report: Person Income and Outlays – February 2023

February 2023’s Core PCE: 4.6%.

“The increase in current-dollar personal income in February was led by an increase in compensation, mainly from wages and salaries. Private wages and salaries for services-producing industries and government wages and salaries increased.”

“Within services, increases in housing and health care were partly offset by a decrease in food services and accommodations. Within goods, increases in gasoline and other energy goods, “other” nondurable goods (led by pharmaceuticals), and food and beverages were partly offset by a decrease in motor vehicles and parts (mainly new and used light trucks).”