According to the U.S. Bureau of Labor Statistics, prices for nonprescription drugs are 5.22% higher in 2023 versus 2019 (a $0.52 difference in value).
Between 2019 and 2023: Nonprescription drugs experienced an average inflation rate of 1.28% per year. In other words, nonprescription drugs costing $10 in the year 2019 would cost $10.52 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 4.19% during this same period, inflation for nonprescription drugs was lower.
In the year 2019: Pricing changed by 0.38%, which is below the average yearly change for nonprescription drugs during the 2019-2023 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|
* 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: