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

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%.

- Source agency: Stats NZ
- Makrognosis code: `NZ.GDPDEFL.Q.NSA`
- Frequency: quarterly
- Units: index 2009/10=1000
- Coverage: 1987-04-01 to 2026-04-01 (157 observations)
- Page: https://makrognosis.robomacro.com/data/new-zealand/gdp-implicit-price-deflator-expenditure-measure-seasonally-adjusted

## Recent data

| Period | Value | Y/Y % |
|---|---:|---:|
| Q2 2026 | 1,562.0 | 1.8 |
| Q1 2026 | 1,560.0 | 2.7 |
| Q4 2025 | 1,556.0 | 3.1 |
| Q3 2025 | 1,538.0 | 2.9 |
| Q2 2025 | 1,534.0 | 4.1 |
| Q1 2025 | 1,519.0 | 4.2 |
| Q4 2024 | 1,509.0 | 5.4 |
| Q3 2024 | 1,495.0 | 3.4 |
| Q2 2024 | 1,474.0 | 3.3 |
| Q1 2024 | 1,458.0 | 3.6 |
| Q4 2023 | 1,432.0 | 2.9 |
| Q3 2023 | 1,446.0 | 6.1 |
| Q2 2023 | 1,427.0 | 5.2 |
| Q1 2023 | 1,407.0 | 5.2 |
| Q4 2022 | 1,391.0 | 5.5 |
| Q3 2022 | 1,363.0 | 4.8 |
| Q2 2022 | 1,357.0 | 6.6 |
| Q1 2022 | 1,337.0 | 6.4 |
| Q4 2021 | 1,319.0 | 5.4 |
| Q3 2021 | 1,301.0 | 4.2 |
| Q2 2021 | 1,273.0 | 1.9 |
| Q1 2021 | 1,257.0 | 0.6 |
| Q4 2020 | 1,251.0 | 1.0 |
| Q3 2020 | 1,249.0 | 2.0 |

## API

```
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"]
```