Drug Prices Rose Nearly 40 Percent Over Past Decade, Surpassing Inflation Rate, Tracker Shows

One in four Americans have at least one drug prescribed that their insurance policy does not cover.

A staff member sorts through drugs drugs while filling a prescription at a pharmacy in Blacksville, W.Va., on March 21, 2017. Brendan Smialowski/AFP via Getty Images

The increase in the cost of prescription medications has outpaced inflation over the past 10 years, according to the telemedicine platform GoodRx.

A price tracker from GoodRx shows prescription drug prices between 2014 and May 2024 have risen by 37 percent, more than the 34.27 percent overall inflation during the same period, according to data from the U.S. Bureau of Labor Statistics.