Japan’s measures of underlying inflation in June:

• Trimmed mean CPI inflation ticked down -0.2 ppts to 2.3% YoY (lowest since March 2025).
• Weighted median CPI inflation dropped -0.3 ppts to 1.4% YoY (lowest since March 2025).
• The mode CPI inflation eased -0.2 ppts again to 1.4% YoY (lowest since March 2025).

• The share of increasing items in the CPI index was 80.5% in June.