Japan’s underlying inflation measures increased the most ever on record, as higher energy prices and a weak yen continue to compel businesses to pass their costs onto consumers.
Multiple gauges showed new records and signaled broader inflation, according to data released on Tuesday by the Bank of Japan, that nation’s central bank. The trimmed mean—a measure of price growth that factors out the biggest gains and falls—renewed its record by rising 1.8% from a year earlier. The mode, or the most frequent pace of price increase, climbed to 0.7%, the highest gain in data going back to 2001.
Meanwhile, the share of items showing a price increase in the consumer price basket rose to 73.2%, the highest proportion on record….