However, the rises in trimmed mean and weighted median have come to a halt, and it can be said that price rises have not spread to goods that have a high share in consumption. Next, I will take a look at developments in the output gap and medium- to long-term inflation expectations, which are indicators that influence underlying price developments.
The output gap, as shown in the left-hand side of Chart 15, has remained positive, reflecting improvements in the capital stock and labor markets. Recently, however, it seems that it is no longer on an expanding trend.