New federal data indicates that U.S. prescription drug prices decreased by 0.8% in July 2026. Compared to the same month last year, prices have declined by 3.1%, marking the largest year-over-year decrease since 1963.
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U.S. Prescription Drug Prices Decrease in July
Federal data reveals a 0.8% decrease in U.S. prescription drug prices for July 2026, with a 3.1% decline compared to the previous year. This represents the most significant year-over-year drop in drug prices since 1963.
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Trump is taking credit for sharply declining drug prices. The reality is more complex
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U.S. Prescription Drug Prices Decrease in July