Real (inflation adjusted) Personal Consumption Expenditures (PCE) spending jumped 0.6 percent in July. Real Disposable Personal Income (DPI) declined 0.2 percent. {chart} The BEA’s Personal Income and Outlays report for July shows consumers picked up the pace of spending for the second month. Key Income and Spending Points: Disposable (after tax) Personal Income (DPI) was flat in July. Adjusted for inflation, Real DPI fell 0.2 percent. Personal Consumption Expenditures (PCE) jumped 0.8 percent in July. Adjusted for inflation, PCE rose 0.6 percent. Real means adjusted by the PCE price index as measured by the BEA. ... (full story)