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Home»Economy»Trump Effect: Prescription Drug Prices Fall At Record-Breaking Pace
Economy

Trump Effect: Prescription Drug Prices Fall At Record-Breaking Pace

Press RoomBy Press RoomAugust 12, 2026No Comments1 Min Read
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President Donald Trump’s efforts to bring down prices of prescription drugs have been a resounding success.

“Starting next year, American drug prices will come down fast and furious and will soon be among the lowest in the developed world,” President Trump promised in December.

Prescription drug prices fell 0.8 percent in July, a steep monthly decline, the government’s consumer price index showed Wednesday.

This continued a pattern seen through most of this year. Prices have fallen in five of the last seven months and have not increased at all this year. Compared to one year ago, prescription drug prices are down 3.1 percent.

Here’s how drug prices have changed this...

Read the full article here

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