QUICK Releases June Wage Indicator 'QPI'

The confirmed value of the QPI (QUICK Payroll Wage Index), a new wage indicator jointly developed by QUICK Corporation and Payroll Corporation, for June 2026 has been published.

In June, the disposable income QPI rose 3.38% year-on-year, slightly moderating from the previous month's 3.70%, but continues to maintain a robust growth rate above 3%. This clearly exceeds the Consumer Price Index (CPI) of +1.5% in May, suggesting that household real take-home pay is moving positively. June is the month when many companies distribute regular bonuses, and both base salary increases and bonus hikes are believed to have contributed to the income growth.

Meanwhile, the regular wage QPI rose 3.42% year-on-year, expanding further from the previous month's 3.23%. This indicates that the high-level wage increases agreed upon in this year's spring labor negotiations are widely permeating and settling into base salaries, including at companies where adjustments are delayed. Regarding taxes and social insurance premiums, the local tax QPI surged 5.13% year-on-year (previous month: +2.75%) due to the switch to new fiscal year tax rates effective from June payments. Additionally, the social insurance premium QPI rose to +3.48% (previous month: +2.78%) due to the withholding of the newly introduced 'Child and Childcare Support Fund' (insured person's burden: 0.115%) from bonuses as well. Despite rising tax and social insurance burdens, overall wage and bonus growth continues to outpace these increases, supporting take-home pay.

※ For details, please refer to the QPI Monthly Report June 2026 edition.

https://corporate.quick.co.jp/wp-content/uploads/qpi_monthlyreport_202606.pdf

Numbers are rounded, so month-on-month differences may not exactly match the reported figures.

The preliminary data for July 2026 will be released on August 12, 2026 (Wednesday), and the confirmed data on August 17, 2026 (Monday).

【About QUICK Corporation】

As a financial information services company within the Nihon Keizai Shimbun Group, QUICK provides comprehensive solutions related to securities and financial markets, including global securities and financial data, political and economic information, asset management support, order execution support, and information network construction services.

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