Medicinal drugs priced at $20 in 2009 $25 in 2018

Historical Price Inflation for Medicinal drugs

$

Prices for Medicinal Drugs, 2009-2018 ($20)

According to the U.S. Bureau of Labor Statistics, prices for medicinal drugs were 25.01% higher in 2018 versus 2009 (a $5 difference in value).

Between 2009 and 2018: Medicinal drugs experienced an average inflation rate of 2.51% per year. This rate of change indicates significant inflation. In other words, medicinal drugs costing $20 in the year 2009 would cost $25 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 1.76% during this same period, inflation for medicinal drugs was higher.

Price Inflation for Medicinal drugs since 2009

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2016 (3.57%), 2015 (3.44%), and 2011 (3.12%).

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

Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
CPI 100.000 102.268 105.455 108.640 109.130 111.993 115.850 119.989 123.444 125.008

View price changes for other categories
New cars · Electricity · Hospital services · Boston, Massachusetts · More

Buying power of $20 since 2009

Below are calculations of equivalent buying power for Medicinal drugs, over time, for $20 beginning in 2009. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2009 $20.00 -
2010 $20.45 2.27%
2011 $21.09 3.12%
2012 $21.73 3.02%
2013 $21.83 0.45%
2014 $22.40 2.62%
2015 $23.17 3.44%
2016 $24.00 3.57%
2017 $24.69 2.88%
2018 $25.00 1.27%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for medicinal drugs, 2009-2018

Start with the inflation rate formula:

CPI in 2018 / CPI in 2009 * 2009 USD value = 2018 USD value

Then plug in historical CPI values from above. The CPI for Medicinal drugs was 100.000 in the year 2009 and 125.008 in 2018:

125.008 / 100.000 * $20 = $25

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2009 has the same "purchasing power" as $25 in 2018 (in the CPI category of Medicinal drugs).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Medicinal drugs in 2009. In addition to medicinal drugs, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

» Read more about inflation and investment.