Fact-check · Sep 10, 2026 · Donald Trump
“The prices of prescription had the biggest year over year drop in over sixty years”
TRUE
What the record shows
BLS reports prescription drug prices fell 3.1% year-over-year in the 12 months ending July 2026, the largest annual decline since March 1963.
Sources
- Drug Channels: U.S. Brand-Name Drug Prices Fell in 2025 as the Net Pricing Drug Channel Emerges
- Prescription Drug Prices See Sharpest Annual Drop in More Than 60 Years | The Fiscal Times
- Prescription Drug Prices See Sharpest Annual Drop in More Than 60 Years
- Prescription drug prices have fallen the most since 1963. What does this mean for pharma?
- Trump Claims Credit for Drug Price Decline. Experts Say It’s More Complicated. - FactCheck.org
- Prescription Drug Prices Record Sharpest Drop In More Than 60 Years
From: LIVE: President Trump‘s 2026 Republican Midterm Convention: Day Two - 9/10/26
Vote Unbiased checks what officials say against government data — BLS, BEA, Census, Treasury, the Fed — with sources cited. Every speaker, every party, same standard. See the data →