Rx DRUG PRICES AT PRODUCER LEVEL UP 2.8% IN FIRST QUARTER
Rx DRUG PRICES AT PRODUCER LEVEL UP 2.8% IN FIRST QUARTER, the most modest first quarter gain in over 10 years, according to data from the Bureau of Labor Statistics' Producer Price Index. First quarter price inflation has generally been in the 4-4.5% range during the 1980s; the next smallest first quarter gain during the decade was 3% in 1988. PPI data was released by the Bureau of Labor Statistics on April 13. Drug categories showing the biggest first quarter price increases include hormones (up 9.8%), systemic antihistamines (up 7.3%), muscle relaxants (up 7.1%), major tranquilizers (up 6.1%), cardiovasculars other than vasodilators and antihypertensives (up 5.8%), aspirin, APC and related products (up 5.6%), and dermatological preparations and diuretics (both up 5%). Among the therapeutic categories showing price decreases for the period were ophthalmic and otic preparations (down 1.8%), anticonvulsants (down 0.8%), systemic anti-infectives (down 0.2%), and broad and medium spectrum antibiotics (down 0.2%).
Sign in to continue reading.
Need a specific report?
1000+ reports available
New to Pink Sheet?
Start a free trial today!
Register for our free email digests: