Fact-check · Sep 9, 2026 · Donald Trump
“Prescription drug prices just recorded their largest annual drop decline in more than sixty years”
TRUE
What the record shows
BLS reports prescription drug prices fell 3.1% in the 12 months ending July 2026, the largest annual decline since March 1963.
Sources
- Prescription Drug Prices See Sharpest Annual Drop in More Than 60 Years
- Prescription Drug Prices See Sharpest Annual Drop in More Than 60 Years | The Fiscal Times
- Drug Channels: U.S. Brand-Name Drug Prices Fell in 2025 as the Net Pricing Drug Channel Emerges
- Prescription drug prices have fallen the most since 1963. What does this mean for pharma?
- Prescription Drug Prices Record Sharpest Drop In More Than 60 Years
- Drug Channels: Inflation-Adjusted U.S. Brand-Name Drug Prices Fell for the Seventh Consecutive Year as a New Era of Drug Pricing Dawns
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