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|
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Nonprescription drugs: