GDP Deflator in Japan decreased to 112.70 points in the first quarter of 2026 from 115.50 points in the fourth quarter of 2025. GDP Deflator in Japan averaged 102.20 points from 1980 until 2026, reaching an all time high of 115.50 points in the fourth quarter of 2025 and a record low of 87.80 points in the first quarter of 1980. source: Cabinet Office, Japan

GDP Deflator in Japan is expected to be 113.10 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Japan GDP Deflator is projected to trend around 120.52 points in 2027 and 123.05 points in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-05-18 11:50 PM
GDP Price Index YoY Prel
Q1 3.4% 3.4% 3.1% 3.0%
2026-06-07 11:50 PM
GDP Price Index YoY Final
Q1 3.2% 3.4% 3.4% 3.4%


Related Last Previous Unit Reference
Consumer Price Index CPI 113.60 113.50 points Jun 2026
Core Consumer Prices 113.10 113.00 points Jun 2026
Core Inflation Rate YoY 1.60 1.40 percent Jun 2026
Inflation Rate Ex-Food and Energy YoY 1.70 1.80 percent Jun 2026
CPI Housing Utilities 105.00 104.90 points Jun 2026
CPI Transportation and Communication 102.00 101.50 points Jun 2026
Export Prices 162.60 162.20 points Jun 2026
Food Inflation 3.20 3.50 percent Jun 2026
GDP Price Index YoY 112.70 115.50 points Mar 2026
Import Prices 196.60 193.20 points Jun 2026
Inflation Expectations 2.70 2.40 percent Jun 2026
Inflation Rate YoY 1.70 1.50 percent Jun 2026
Inflation Rate MoM 0.30 0.40 percent Jun 2026
PPI MoM 0.40 1.10 percent Jun 2026
Producer Prices 135.40 134.90 points Jun 2026
PPI YoY 7.10 6.60 percent Jun 2026
Rent Inflation 0.40 0.40 percent Jun 2026
Tokyo Core CPI YoY 1.60 1.30 percent Jun 2026
Tokyo CPI YoY 1.70 1.40 percent Jun 2026
Tokyo CPI Ex Food and Energy YoY 1.90 1.60 percent Jun 2026


Japan GDP Deflator
The GDP Deflator measures the change in prices of final goods and services and it is considered as a key indicator for inflationary pressures, that provides insight into the future direction of monetary policy.
Actual Previous Highest Lowest Dates Unit Frequency
112.70 115.50 115.50 87.80 1980 - 2026 points Quarterly
2015=100, NSA