Japan’s measures of underlying inflation in April:

• Trimmed mean CPI inflation was up 0.2 ppts to 2.4% YoY (highest since January 2024).
• Weighted median CPI inflation moved up 0.3 ppts to 1.7% YoY (highest since January 2024).
• The mode CPI inflation increased 0.4 ppts to 1.8% YoY (highest since March 2024).

• The share of increasing items in the CPI index was 80.3% in April, the second highest in a year.