Personal income fell 0.1% in August and personal spending rose 0.2% according to the seasonally adjusted report from the Commerce Department Friday.
The 0.1% fall in personal income was the largest since July of 2009 when it fell 0.3%
The core PCE deflator, month-over-month rose 0.1% and the year-over-year core deflator was up 1.6%%
Overall, the PCE deflator was up 0.2% in August and up 2.9% over the year.
The median estimates of economists polled by Thomson Reuters were for a 0.1% rise in personal income, a 0.2% increase in consumption and a 0.2% rise in the core PCE deflator.
Revised numbers for July showed a 0.1% income increase, a 0.7% rise in spending, and a 0.2% core deflator increase.
Like the personal income decline, a number of other figures in the report were down to levels in the year after the financial crisis.
The personal savings rate was 4.5%, down from 4.7% in July. The 4.5% rate was the smallest since the 4.3% rate in November of 2009. The $519.3 billion savings total was the smallest level since December of 2009.
Consumers real disposable income, adjusted for inflation and taxes was down 0.3% in August, the biggest fall since a 0.5% drop in October of 2009. Consumers real spending was unchanged in August.
