Name: Japan GDP Deflator
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Japan,GDP Deflator,data,chart,actual,historical,values,calendar,forecast,graph,2025,2026,2027

GDP Deflator in Japan decreased to 112.90 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 115.12 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.

Related	Last	Previous	Unit	Reference
Consumer Price Index CPI	113.00	112.70	points	Apr 2026
Core Consumer Prices	112.50	112.10	points	Apr 2026
Core Inflation Rate YoY	1.40	1.80	percent	Apr 2026
Inflation Rate Ex-Food and Energy YoY	1.90	2.40	percent	Apr 2026
CPI Housing Utilities	104.70	104.60	points	Apr 2026
CPI Transportation and Communication	101.30	101.50	points	Apr 2026
Export Prices	161.40	156.70	points	Apr 2026
Food Inflation	3.50	3.60	percent	Apr 2026
GDP Price Index YoY	112.90	115.50	points	Mar 2026
Import Prices	182.70	172.80	points	Apr 2026
Inflation Expectations	2.40	2.40	percent	Mar 2026
Inflation Rate YoY	1.40	1.50	percent	Apr 2026
Inflation Rate MoM	0.10	0.40	percent	Apr 2026
PPI MoM	2.30	1.00	percent	Apr 2026
Producer Prices	132.80	129.80	points	Apr 2026
PPI YoY	4.90	2.90	percent	Apr 2026
Rent Inflation	0.40	0.50	percent	Apr 2026
Tokyo Core CPI YoY	1.30	1.50	percent	May 2026
Tokyo CPI YoY	1.40	1.50	percent	May 2026
Tokyo CPI Ex Food and Energy YoY	1.60	1.90	percent	May 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.