The White House stated that under President Donald Trump, prescription drug prices are falling at their fastest pace in decades, providing millions of Americans with tangible and measurable financial relief. According to City Magazine, the Consumer Price Index (CPI) for prescription drugs remained flat or declined on a monthly basis in 2026. The latest inflation data from the U.S. Bureau of Labor Statistics shows that while the headline CPI rose 3.7% year-over-year, prescription drug prices fell 4.5%, marking the largest annual decline since 1963, while over-the-counter drug prices dropped 0.9%. The Trump administration has implemented multiple policies to lower drug prices, including the TrumpRx program launched in February 2026, which offers cash-paying patients significant discounts on more than 800 medications—particularly GLP-1 weight-loss drugs—driving the major decline in prescription drug prices in 2026.