# Japan GDP implicit price deflator (JP.GDP.Q.NOM / JP.GDP.Q.REAL x 100; Cabinet Office, SA, 2020=100)

Japan GDP implicit price deflator (JP.GDP.Q.NOM / JP.GDP.Q.REAL x 100; Cabinet Office, SA, 2020=100) was up 2.6% year on year in Q2 2026, compared with 3.3% in Q1 2026.
The level stood at 115.1 (index (real-series reference year = 100)).
That is the lowest reading since Q1 2023.
Over the past ten years it has ranged from −0.5% (Q3 2018) to 6.0% (Q3 2023), averaging 1.5%.

- Source agency: Makrognosis (computed from agency-direct inputs)
- Makrognosis code: `JP.GDPDEFL.Q.NSA`
- Frequency: quarterly
- Units: index (real-series reference year = 100)
- Coverage: 1996-03-01 to 2026-06-01 (122 observations)
- Page: https://makrognosis.robomacro.com/data/japan/gdp-implicit-price-deflator-jp-gdp-q-nom-jp-gdp-q-real-x-100-cabinet

## Recent data

| Period | Value | Y/Y % |
|---|---:|---:|
| Q2 2026 | 115.1 | 2.6 |
| Q1 2026 | 114.0 | 3.3 |
| Q4 2025 | 113.6 | 3.4 |
| Q3 2025 | 112.9 | 3.5 |
| Q2 2025 | 112.1 | 3.3 |
| Q1 2025 | 110.3 | 3.6 |
| Q4 2024 | 109.9 | 2.9 |
| Q3 2024 | 109.1 | 2.7 |
| Q2 2024 | 108.6 | 3.6 |
| Q1 2024 | 106.4 | 3.4 |
| Q4 2023 | 106.8 | 5.0 |
| Q3 2023 | 106.2 | 6.0 |
| Q2 2023 | 104.8 | 4.7 |
| Q1 2023 | 102.9 | 2.5 |
| Q4 2022 | 101.7 | 1.8 |
| Q3 2022 | 100.1 | 0.1 |
| Q2 2022 | 100.1 | 0.2 |
| Q1 2022 | 100.3 | 0.6 |
| Q4 2021 | 99.96 | −0.08 |
| Q3 2021 | 100.00 | −0.01 |
| Q2 2021 | 99.87 | −0.2 |
| Q1 2021 | 99.80 | 0.07 |
| Q4 2020 | 100.0 | 0.5 |
| Q3 2020 | 100.0 | 1.5 |

## API

```
curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/JP.GDPDEFL.Q.NSA"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/JP.GDPDEFL.Q.NSA",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
```