U.S. Prescription Drug Prices Decline, Federal Data Shows

Why it matters locally: Montana residents, particularly those in rural areas with limited access to affordable healthcare, may see some relief from the declining prescription drug prices, potentially easing the financial burden on individuals and families across the state.

---

New federal data indicates a decline in U.S. prescription drug prices. In July, prices decreased by 0.8%. Overall, prices have fallen 3.1% over the past year. This annual reduction represents the steepest year-over-year drop recorded since 1963.