According to the U.S. Bureau of Labor Statistics, prices for nonprescription drugs are 0.32% higher in 2022 versus 2019 (a $0.03 difference in value).
Between 2019 and 2022: Nonprescription drugs experienced an average inflation rate of 0.11% per year. In other words, nonprescription drugs costing $10 in the year 2019 would cost $10.03 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.73% during this same period, inflation for nonprescription drugs was significantly lower.
In the year 2019: Pricing changed by 0.38%, which is above the average yearly change for nonprescription drugs during the 2019-2022 time period. Compared to inflation for all items in 2019 (1.81%), inflation for nonprescription drugs was lower.
Below are calculations of equivalent buying power for Nonprescription drugs, over time, for $10 beginning in 2019. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
2019 | $10.00 | 0.38% |
2020 | $9.91 | -0.86% |
2021 | $9.85 | -0.60% |
2022 | $10.03 | 1.80%* |
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 |
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 | 97.600 |