Prescription drugs priced at $10 in 2019 $10.12 in 2022

Prescription Drugs Inflation Calculator

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Prices for Prescription Drugs, 2019-2022 ($10)

According to the U.S. Bureau of Labor Statistics, prices for prescription drugs are 1.24% higher in 2022 versus 2019 (a $0.12 difference in value).

Between 2019 and 2022: Prescription drugs experienced an average inflation rate of 0.41% per year. In other words, prescription drugs costing $10 in the year 2019 would cost $10.12 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 4.33% during this same period, inflation for prescription drugs was significantly lower.

In the year 2019: Pricing changed by -0.23%, which is below the average yearly change for prescription drugs during the 2019-2022 time period. Compared to inflation for all items in 2019 (1.81%), inflation for prescription drugs was lower.

Price Inflation for Prescription drugs since 1935

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1982 (11.68%), 1947 (11.51%), and 1981 (11.48%).

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Buying power of $10.00 since 2019

Below are calculations of equivalent buying power for Prescription 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:

YearUSD ValueInflation Rate
2019$10.00-0.23%
2020$10.101.01%
2021$9.92-1.82%
2022$10.122.10%*

* 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 Prescription drugs:

Year1935193619371938193919401941194219431944194519461947194819491950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI30.60030.60030.80031.00031.00031.00031.40032.20032.50033.10033.50034.60038.58341.38042.26043.48045.54046.06046.02046.98047.68049.08050.80053.06054.26053.90052.04049.96048.86048.23347.75047.64046.74046.00046.58547.38547.40847.20847.06248.20051.16953.94657.17761.63166.38572.45480.76990.200100.100109.700120.100130.415140.846152.015165.231181.685199.662214.731223.023230.569235.023242.862249.262258.623273.377285.423300.854316.485326.269337.085349.015363.938369.157378.284391.055407.824424.981440.149442.580458.343479.315502.510519.618528.008526.785532.081522.392533.339

Adjust prescription drugs prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 2019 * 2019 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Prescription drugs was 526.785 in the year 2019 and 533.339 in 2022:

533.339 / 526.785 * $10 = $10.12

Therefore, according to U.S. Bureau of Labor Statistics, $10 in 2019 has the same "purchasing power" as $10.12 in 2022 (in the CPI category of Prescription drugs).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Prescription drugs in 1935. In addition to prescription drugs, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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