Medicinal drugs priced at $20 in 2009 $26.33 in 2023

Medicinal Drugs Inflation Calculator


Prices for Medicinal Drugs, 2009-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for medicinal drugs are 31.63% higher in 2023 versus 2009 (a $6.33 difference in value).

Between 2009 and 2023: Medicinal drugs experienced an average inflation rate of 1.98% per year. In other words, medicinal drugs costing $20 in the year 2009 would cost $26.33 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.53% during this same period, inflation for medicinal drugs was lower.

Price Inflation for Medicinal drugs since 2009

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2023 (3.58%), 2016 (3.57%), and 2015 (3.44%).

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Buying power of $20.00 since 2009

Below are calculations of equivalent buying power for Medicinal drugs, over time, for $20 beginning in 2009. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate

* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Medicinal drugs:


Adjust medicinal drugs prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2009 * 2009 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Medicinal drugs was 100.000 in the year 2009 and 131.635 in 2023:

131.635 / 100.000 * $20 = $26.33

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2009 has the same "purchasing power" as $26.33 in 2023 (in the CPI category of Medicinal drugs).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Medicinal drugs in 2009. In addition to medicinal drugs, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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