Japan’s Inflation Trend Measures Reach Record High

Japan’s underlying inflation measures increased the most on record, as higher energy prices and a weak yen continue to push businesses to pass their costs onto consumers.

Multiple gauges showed new records and signaled broader inflation according to data released by the Bank of Japan Tuesday. 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.