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.