Japan’s measures of underlying inflation in January:

• Trimmed mean CPI inflation eased -0.2 ppts to 1.7% YoY (lowest since November 2024).
• Weighted median CPI inflation unchanged at 0.8 YoY (lowest since October 2024).
• The mode CPI inflation edged up to 1.5% YoY.

Japan’s measures of underlying inflation in December:

• Trimmed mean CPI inflation eased -0.3 ppts to 1.9% YoY (lowest since December 2024).
• Weighted median CPI inflation eased -0.5 ppts to 0.8 YoY (lowest since October 2024).
• The mode CPI inflation fell was unchanged at 1.4% YoY (lowest since June).

Japan’s measures of underlying inflation in November:

• Trimmed mean CPI inflation was unchanged at 2.2% YoY (highest since June).
• Weighted median CPI inflation eased -0.1 ppts to 1.3% YoY.
• The mode CPI inflation fell -0.2 ppts to 1.4% YoY (lowest since June).

Japan’s measures of underlying inflation in October:

• Trimmed mean CPI inflation was up 0.1 ppt to 2.2% YoY (highest since June).
• Weighted median CPI inflation was up 0.1 ppts to 1.5% YoY (highest since May).
• The mode CPI inflation fell -0.1 ppts to 1.6% YoY (the lowest since July).

Japan’s measures of underlying inflation in September:

• Trimmed mean CPI inflation was up 0.1 ppt to 2.1% YoY (highest since June).
• Weighted median CPI inflation was up 0.4 ppts to 1.4% YoY (highest since June).
• The mode CPI inflation fell -0.2 ppts to 1.7% YoY (the lowest since July).

Japan’s measures of underlying inflation in August:

• Trimmed mean CPI inflation was unchanged at 2.0% YoY (lowest since December 2024).
• Weighted median CPI inflation was unchanged at 1.1% YoY (lowest since December 2024).
• The mode CPI inflation increased 0.4 ppts to 1.9% YoY (highest since March 2024).

• The share of increasing items in the CPI index was 80.1% in August, up from 79.7% in July.