Prescription drug prices are plummeting for the first time in decades under the leadership of President Donald J. Trump — delivering real, measurable relief to millions of Americans. In City Journal , Dr. Joel Zinberg explains why this is a major accomplishment: “Yet few Americans realize that drug prices—a major complaint—are actually falling. The Consumer Price Index for prescription drugs has either fallen or been flat every month of 2026. The latest inflation data from the Bureau of Labor Statistics show that while the overall CPI rose 3.7 percent year to year, prescription drug prices fell 4.5 percent—the largest year-over-year decline since 1963—and nonprescription prices fell 0.
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