According to the U.S. Bureau of Labor Statistics, prices for nonprescription drugs are 11.21% higher in 2024 versus 2010 (a $1.12 difference in value).
Between 2010 and 2024: Nonprescription drugs experienced an average inflation rate of 0.76% per year. In other words, nonprescription drugs costing $10 in the year 2010 would cost $11.12 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.62% during this same period, inflation for nonprescription drugs was lower.
In the year 2010: Pricing changed by -0.04%, which is below the average yearly change for nonprescription drugs during the 2010-2024 time period. Compared to inflation for all items in 2010 (1.64%), inflation for nonprescription drugs was lower.
Below are calculations of equivalent buying power for Nonprescription drugs, over time, for $10 beginning in 2010. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
2010 | $10.00 | -0.04% |
2011 | $9.87 | -1.34% |
2012 | $9.94 | 0.73% |
2013 | $9.94 | 0.02% |
2014 | $9.86 | -0.82% |
2015 | $9.78 | -0.78% |
2016 | $9.67 | -1.17% |
2017 | $9.75 | 0.82% |
2018 | $9.70 | -0.51% |
2019 | $9.73 | 0.38% |
2020 | $9.65 | -0.86% |
2021 | $9.59 | -0.60% |
2022 | $10.01 | 4.38% |
2023 | $10.66 | 6.50% |
2024 | $11.12 | 4.30%* |
* 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 Nonprescription drugs:
Year | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
CPI | 100.000 | 99.958 | 98.622 | 99.338 | 99.356 | 98.537 | 97.772 | 96.630 | 97.424 | 96.923 | 97.287 | 96.447 | 95.872 | 100.075 | 106.578 | 111.166 |