In 2023, the consumer price index (CPI) of pharmaceutical products in the United Kingdom (UK) was measured at 126. The CPI is designed to measure changes in the prices of goods that consumers buy. The year 2015 is used as the base year for calculations and therefore the index in this year measures 100.
At the same time as the OTC market has been growing, the number of prescription items dispensed also increased during this period. In 2022/23, the number of items dispensed in England showed a record high of 1.08 billion. The average number of prescription items dispensed per month at pharmacies in England came to nearly seven thousand in 2022/23.
Consumer price index (CPI) of pharmaceutical products annually in the United Kingdom (UK) from 2003 to 2023
Index value 2015 equals 100. The year 2015 is the base year used to calculate the index value. Consumer price indices are designed to measure changes in the price of everything consumers buy. More information on CPI can be found here.
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Office for National Statistics (UK). (May 22, 2024). Consumer price index (CPI) of pharmaceutical products annually in the United Kingdom (UK) from 2003 to 2023 [Graph]. In Statista. Retrieved October 09, 2024, from https://www.statista.com/statistics/286455/pharmaceutical-products-consumer-price-index-cpi-annual-average-in-uk/
Office for National Statistics (UK). "Consumer price index (CPI) of pharmaceutical products annually in the United Kingdom (UK) from 2003 to 2023." Chart. May 22, 2024. Statista. Accessed October 09, 2024. https://www.statista.com/statistics/286455/pharmaceutical-products-consumer-price-index-cpi-annual-average-in-uk/
Office for National Statistics (UK). (2024). Consumer price index (CPI) of pharmaceutical products annually in the United Kingdom (UK) from 2003 to 2023. Statista. Statista Inc.. Accessed: October 09, 2024. https://www.statista.com/statistics/286455/pharmaceutical-products-consumer-price-index-cpi-annual-average-in-uk/
Office for National Statistics (UK). "Consumer Price Index (Cpi) of Pharmaceutical Products Annually in The United Kingdom (Uk) from 2003 to 2023." Statista, Statista Inc., 22 May 2024, https://www.statista.com/statistics/286455/pharmaceutical-products-consumer-price-index-cpi-annual-average-in-uk/
Office for National Statistics (UK), Consumer price index (CPI) of pharmaceutical products annually in the United Kingdom (UK) from 2003 to 2023 Statista, https://www.statista.com/statistics/286455/pharmaceutical-products-consumer-price-index-cpi-annual-average-in-uk/ (last visited October 09, 2024)
Consumer price index (CPI) of pharmaceutical products annually in the United Kingdom (UK) from 2003 to 2023 [Graph], Office for National Statistics (UK), May 22, 2024. [Online]. Available: https://www.statista.com/statistics/286455/pharmaceutical-products-consumer-price-index-cpi-annual-average-in-uk/