Makrognosis

New Zealand GDP implicit price deflator, expenditure measure, seasonally adjusted (Stats SNEQ.SG08NSC00B15, 2009/10=1000)

QuarterlyNot seasonally adjustedCode NZ.GDPDEFL.Q.NSA

Latest (y/y)1.8%Q2 2026
Previous (y/y)2.7%Q1 2026
Level1,562.0Q2 2026

New Zealand GDP implicit price deflator, expenditure measure, seasonally adjusted (Stats SNEQ.SG08NSC00B15, 2009/10=1000) was up 1.8% year on year in Q2 2026, compared with 2.7% in Q1 2026.

The level stood at 1,562.0 (index 2009/10=1000).

That is the lowest reading since Q1 2021.

Over the past ten years it has ranged from 0.3% (Q4 2018) to 6.6% (Q2 2022), averaging 3.2%.

New Zealand GDP implicit price deflator, expenditure measure, seasonally adjusted (Stats SNEQ.SG08NSC00B15, 2009/10=1000), annual % change, Q2 1988 – Q2 2026−2.5%0.0%2.5%5.0%7.5%19901995200020052010201520202025Robomacro
New Zealand GDP implicit price deflator, expenditure measure, seasonally adjusted (Stats SNEQ.SG08NSC00B15, 2009/10=1000), annual % change, Q2 1988 – Q2 2026. Source: Stats NZ.
New Zealand GDP implicit price deflator, expenditure measure, seasonally adjusted (Stats SNEQ.SG08NSC00B15, 2009/10=1000), level (index 2009/10=1000)4006008001,0001,2001,4001,60019901995200020052010201520202025Robomacro
New Zealand GDP implicit price deflator, expenditure measure, seasonally adjusted (Stats SNEQ.SG08NSC00B15, 2009/10=1000), level (index 2009/10=1000).

Showing the full history (downsampled for display). Open the interactive chart to zoom and switch transforms.

Recent data

PeriodValueY/Y %
Q2 20261,562.01.8
Q1 20261,560.02.7
Q4 20251,556.03.1
Q3 20251,538.02.9
Q2 20251,534.04.1
Q1 20251,519.04.2
Q4 20241,509.05.4
Q3 20241,495.03.4
Q2 20241,474.03.3
Q1 20241,458.03.6
Q4 20231,432.02.9
Q3 20231,446.06.1
Q2 20231,427.05.2
Q1 20231,407.05.2
Q4 20221,391.05.5
Q3 20221,363.04.8
Q2 20221,357.06.6
Q1 20221,337.06.4
Q4 20211,319.05.4
Q3 20211,301.04.2
Q2 20211,273.01.9
Q1 20211,257.00.6
Q4 20201,251.01.0
Q3 20201,249.02.0

Last 24 observations. The full history (157 observations) is available through the API.

Get New Zealand GDP implicit price deflator, expenditure measure, seasonally adjusted (Stats SNEQ.SG08NSC00B15, 2009/10=1000) in your code or spreadsheet

One guessable code, agency-direct, updated on release. Free tier available.

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

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/NZ.GDPDEFL.Q.NSA",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
Get a free API key → · API docs

About this series

Latest observationQ2 2026
First observationQ2 1987
Observations157
FrequencyQuarterly
Unitsindex 2009/10=1000
AdjustmentNot seasonally adjusted
10-year high6.6% (Q2 2022)
10-year low0.3% (Q4 2018)
10-year average3.2%
Source agencyStats NZ
Makrognosis codeNZ.GDPDEFL.Q.NSA

Other New Zealand indicators

New Zealand GDP (Gross Domestic Product)New Zealand Nominal GDP, expenditure measure, calendar year (Stats SNEA.SG00NAC00B15D, NZD million)New Zealand Nominal GDP, expenditure measure, seasonally adjusted (Stats SNEQ.SG02NSC00B15, NZD million)New Zealand Real GDP, production measure, chain volume 2009/10 prices, calendar year (Stats SNEA.SG00RAC00B01D, NZD million)New Zealand Inflation Rate (CPI)New Zealand Credit Rating & Sovereign Risk ScoreNew Zealand Trade Balance: Goods & ServicesNew Zealand Merchandise exports incl. re-exports, fob (Stats Overseas merchandise trade, actual values), NZD millionNew Zealand Merchandise imports, cif (Stats Overseas merchandise trade, actual values), NZD millionNew Zealand Government Debt to GDPNew Zealand Dollar per US DollarNew Zealand General government gross debt (Stats GFS, NZD mn, June year)New Zealand NZD per USD, calendar-month average of the official ECB euro-reference USD cross

FAQ

What is the current gDP implicit price deflator, expenditure measure, seasonally adjusted (Stats SNEQ.SG08NSC00B15, 2009/10=1000) in New Zealand?
The latest reading is 1.8% year on year for Q2 2026, published by Stats NZ.
Where does this data come from?
It is collected directly from Stats NZ and is available through the Makrognosis API under the code NZ.GDPDEFL.Q.NSA.

Last updated 2026-11-03. Source: Stats NZ. Original title: “New Zealand GDP implicit price deflator, expenditure measure, seasonally adjusted (Stats NZ SNEQ.SG08NSC00B15, 2009/10=1000)”.