According to the U.S. Bureau of Labor Statistics, prices for nonprescription drugs were 2.70% lower in 2021 versus 2017 (a $0.27 difference in value).
Between 2017 and 2021: Nonprescription drugs experienced an average inflation rate of -0.68% per year. In other words, nonprescription drugs costing $10 in the year 2017 would cost $9.73 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.89% during this same period, inflation for nonprescription drugs was lower.
In the year 2017: Pricing changed by 0.82%, which is above the average yearly change for nonprescription drugs during the 2017-2021 time period. Compared to inflation for all items in 2017 (2.13%), inflation for nonprescription drugs was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Nonprescription drugs:
Below are calculations of equivalent buying power for Nonprescription drugs, over time, for $10 beginning in 2017. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|