According to the U.S. Bureau of Labor Statistics, prices for medicinal drugs were 0.84% higher in 2020 versus 2018 (a $0.17 difference in value).
Between 2018 and 2020: Medicinal drugs experienced an average inflation rate of 0.42% per year. In other words, medicinal drugs costing $20 in the year 2018 would cost $20.17 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.37% during this same period, inflation for medicinal drugs was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Medicinal drugs:
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|