Personal income increased $194.7 billion (0.8% at a monthly rate) in February, according to estimates released by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI) – personal income less personal current taxes – increased $191.6 billion (0.9%) and personal consumption expenditures (PCE) increased $87.8 billion (0.4%).

Personal outlays – the sum of PCE, personal interest payments, and personal current transfer payments – increased $118.4 billion in February. Personal saving was $1.02 trillion in February and the personal saving rate –personal saving as a percentage of disposable personal income – was 4.6%.

From the preceding month, the PCE price index – which the Fed uses to track inflation – for February increased 0.3%. Excluding food and energy, the PCE price index increased 0.4%.