https://www.msn.com/en-us/money/markets/key-inflation-gauge-worsens-as-americans-income-and-spending-power-erodes/ar-AA24gQij
Thursday's report showed that Americans' after-tax, inflation-adjusted incomes fell for the third straight month, while spending, adjusted for inflation, barely rose.
Americans' incomes were unchanged in April from March, in part because farm incomes fell after a large government aid package ended last month. Adjusted for inflation, personal income actually slipped 0.1% last month.
Spending rose 0.5% in April from March, though most of that reflected price increases. Adjusted for inflation, spending rose just 0.1% in April, down from 0.3% the previous month.
Emphasis added
The above is some excerpts from the above article about the personal income and personal spending parts of the report -- the link to the report is in the OP, repeated below for convenience of reference. The report is about much more than just the inflation indices
https://www.bea.gov/news/2026/personal-income-and-outlays-april-2026
An excerpt from the AP report on the inflation part, LOL --
And on Wednesday, Treasury Secretary Scott Bessent said higher prices would be “transitory,” reviving an ill-fated term used by former Fed Chair Jerome Powell to describe the 2021-22 inflation spike that became a forceful political tailwind for Trump in his campaign for a second presidential term.
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