Japan’s measures of underlying inflation in March:

• Trimmed mean CPI inflation was unchanged at 2.2% YoY.
• Weighted median CPI inflation was unchanged at 1.4% YoY.
• The mode CPI inflation increased 0.2 ppts to 1.4% YoY.

• The share of increasing items in the CPI index was 80.5% in March, the highest since April 2024.