GDP Deflator in Japan increased to 116.20 points in the second quarter of 2026 from 112.70 points in the first quarter of 2026. GDP Deflator in Japan averaged 102.27 points from 1980 until 2026, reaching an all time high of 116.20 points in the second quarter of 2026 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 117.93 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
2026-08-16 11:50 PM
GDP Price Index YoY Prel
Q2 2.6% 3.2% 2.4% 2.8%
2026-09-07 11:50 PM
GDP Price Index YoY Final
Q2 2.6% 3.2% 2.6% 2.6%


Related Last Previous Unit Reference
Consumer Price Index CPI 102.20 102.20 points Sep 2026
Core Consumer Prices 102.30 102.00 points Sep 2026
Core Inflation Rate YoY 2.10 1.70 percent Sep 2026
Inflation Rate Ex-Food and Energy YoY 2.40 1.90 percent Sep 2026
CPI Housing Utilities 101.30 101.20 points Sep 2026
CPI Transportation and Communication 103.00 103.10 points Sep 2026
Export Price Index 163.00 162.20 points Sep 2026
Food Inflation 2.80 3.10 percent Sep 2026
GDP Price Index YoY 116.20 112.70 points Jun 2026
Import Price Index 193.80 194.10 points Sep 2026
Inflation Expectations 3.50 2.70 percent Sep 2026
Inflation Rate YoY 2.10 1.90 percent Sep 2026
Inflation Rate MoM 0.00 0.10 percent Sep 2026
Producer Price Index MoM -0.30 -0.30 percent Sep 2026
Producer Price Index 135.70 136.10 points Sep 2026
Producer Price Index YoY 6.80 7.60 percent Sep 2026
Rent Inflation 0.60 0.50 percent Sep 2026
Tokyo Core CPI YoY 2.60 2.70 percent Oct 2026
Tokyo CPI YoY 2.80 2.70 percent Oct 2026
Tokyo CPI Ex Food and Energy YoY 2.60 2.90 percent Oct 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
116.20 112.70 116.20 87.80 1980 - 2026 points Quarterly
2015=100, NSA