According to the U.S. Bureau of Labor Statistics, prices for nonprescription drugs are 0.18% lower in 2022 versus 2014 (a $0.02 difference in value).
Between 2014 and 2022: Nonprescription drugs experienced an average inflation rate of -0.02% per year. In other words, nonprescription drugs costing $10 in the year 2014 would cost $9.98 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.50% during this same period, inflation for nonprescription drugs was lower.
In the year 2014: Pricing changed by -0.82%, which is below the average yearly change for nonprescription drugs during the 2014-2022 time period. Compared to inflation for all items in 2014 (1.62%), inflation for nonprescription drugs was lower.
Below are calculations of equivalent buying power for Nonprescription drugs, over time, for $10 beginning in 2014. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Nonprescription drugs: