Data Show Prices For At Least 350 Drugs Set To Rise

As if the rising cost of consumer products across the board hasn’t been enough, analysis researchers are warning price increases are coming in the U.S. for more than 350 prescription drugs.

Data analysts in the research firm 3 Axis Advisors, are reporting that  drugmakers have signaled price increases could come as early as January, according to a report from Reuters.

On Wednesday that both 3 Axis Advisors and the drug cost non-profit 46brooklyn, which analyzes federal data, found that the prices for large-selling products from a list of major drugmakers have increased.

A report from Bio Pharma Dive show that over 1,800 drugs have seen price increases since Dec. 1, 2022.

Those within the industry say that drug price hikes can actually be hard to track. Analyst depend on what drugs sell for at the wholesale cost.