According to the U.S. Bureau of Labor Statistics, prices for prescription drugs were 1.50% higher in 2020 versus 2019 (a $0.15 difference in value).
Between 2019 and 2020: Prescription drugs experienced an average inflation rate of 1.50% per year. In other words, prescription drugs costing $10 in the year 2019 would cost $10.15 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 0.74% during this same period, inflation for prescription drugs was higher.
In the year 2019: Pricing changed by -0.23%, which is below the average yearly change for prescription drugs during the 2019-2020 time period. Compared to inflation for all items in 2019 (1.81%), inflation for prescription drugs was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Prescription drugs:
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:
|Year||USD Value||Inflation Rate|