The final confirmed figures for May 2026 for "QPI (QUICK Payroll Wage Index)," a new wage indicator jointly developed by QUICK Corporation and Payroll Co., Ltd., have been released.
In the calculation results for May, disposable income QPI increased by +3.70% year-on-year, showing a solid upward trend, although it slightly decelerated from +4.42% in the previous month. This clearly surpasses the Consumer Price Index (which was +1.4% as of April), suggesting that household real disposable income is remaining in positive territory. The background to this steady growth is thought to include a rebound effect from the low growth in disposable income during the spring of the previous year.
On the other hand, the scheduled wage QPI increased by +3.23% year-on-year, with a clear expansion in the growth rate compared to the previous month (+2.88%). This is presumed to be the result of wage increases from the spring labor negotiations being reflected in the base pay of a larger number of companies not only in April but also extending into May. Regarding the trends in taxes and insurance premiums, the income tax QPI decreased by +2.95% year-on-year compared to the previous month's +4.19%, while the social insurance premium QPI increased to +2.78% from +2.34% in the previous month. The impact of the newly commenced contributions to the "Child and Child-rearing Support Fund (employee contribution: 0.115%)" from this month is evident, and it is necessary to pay attention to the emerging structure where increases in gross salary do not directly translate into increases in disposable income.
*For details, please refer to the QPI Monthly Report May 2026 edition.
https://corporate.quick.co.jp/wp-content/uploads/qpi_monthlyreport_202605.pdf
Figures are rounded, so the difference from the previous month may not match the difference between the stated figures. The preliminary data for June 2026 is scheduled for release on Thursday, July 9, 2026, and the final confirmed data on Tuesday, July 14, 2026.
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FACT BOX
- Source: PR TIMES
- Category: Survey
- Organizations: QUICK / Payroll Co., Ltd. / Nikkei Inc.
- Products / services: QPI (QUICK Payroll Wage Index)