Medicinal drugs price history from 2018 through 2019

Medicinal Drugs Inflation Calculator

Prices for Medicinal Drugs, 2018-2019 ($20)

According to the U.S. Bureau of Labor Statistics, prices for medicinal drugs were 0.11% lower in 2019 versus 2018 (a $0.02 difference in value).

Between 2018 and 2019: Medicinal drugs experienced an average inflation rate of -0.11% per year. In other words, medicinal drugs costing $20 in the year 2018 would cost $19.98 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 1.81% during this same period, inflation for medicinal drugs was lower.

Price Inflation for Medicinal drugs since 2018

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: and 2019 (-0.11%).

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

Year	2018	2019
CPI	124.905	124.772

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Buying power of $20 since 2018

Below are calculations of equivalent buying power for Medicinal drugs, over time, for $20 beginning in 2018. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2018	$20.00	-
2019	$19.98	-0.11%*

* Not final. See inflation summary for latest details.

How to calculate the inflation rate for medicinal drugs, 2018-2019

Start with the inflation rate formula:

CPI in 2019 / CPI in 2018 * 2018 USD value = 2019 USD value

Then plug in historical CPI values from above. The CPI for Medicinal drugs was 124.905 in the year 2018 and 124.772 in 2019:

124.772 / 124.905 * $20 = $19.98

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2018 has the same "purchasing power" as $19.98 in 2019 (in the CPI category of Medicinal drugs).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Medicinal drugs in 2018. 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.