steepest annual drug price drop since 1963 — largest in 60+ years (BLS, July 2026)
MONTHLY DROP
-0.8%
prescription drug prices in July 2026 alone
IRA DRUGS NEGOTIATED
10
Medicare drug prices negotiated under IRA, effective Jan 2026
HUMIRA BIOSIMILAR RIVALS
Multiple
adalimumab competitors now on U.S. market after years of litigation
PRESCRIPTION DRUG PRICE INDEX — BLS CPI (JAN 2020 = 100)
KEY EVENTS (click to expand)
TRUMP
BIDEN
Area chart shows BLS CPI prescription drug index relative to January 2020 baseline of 100. Background shading indicates presidential term. Click yellow event markers for policy context. Data: BLS CUUR0000SEMF series; Jul 2026 preliminary.
KEY QUESTIONS
CONTEXT NOTE
The −3.1% year-over-year decline is measured against the BLS prescription drug CPI series (SEMF). Individual patients may experience different price changes depending on insurance coverage, specific medications, and pharmacy benefit structures. List price declines do not always translate directly to out-of-pocket savings.