Prescription drug prices in the United States have experienced their sharpest decline in over 60 years.
Said by Rapid Response 47, Checked Updated
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- 3 support
- Said
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Speaker Mike Johnson@SpeakerJohnsonOct 14, 2026Recent federal data confirms that prescription drug prices fell by 3.1% over the past year, marking the largest annual decline since 1963.
This claim is about the present, so it is judged as of the day it was checked.
What was said
… We've not released a single illegal alien into the country in 16 straight months. We have more jobs, more opportunity. We've created a million private sector jobs in the last 19 months in this country. And the success goes on and on. Lowest prescription drug crisis in 60 years. That's because we did what we said we were going to do. And you have to keep those common sense principles and policies going because we have much more to do ahead of us.
What we found
Supports. Data released in August 2026 shows a 3.1% decline in prescription drug prices over the previous year, which is identified as the steepest year-over-year drop since 1963.[1][2][3]
Sources
3 sources: 1 fact-checker, 2 tier 2
- 1Trump Claims Credit for Drug Price Decline. Experts Say ...factcheck.org · fact-checker · cited for: supports
- 2Trump is taking credit for sharply declining drug prices. The ...pbs.org · tier 2 · cited for: supports
- 3Prescription drug prices record sharpest drop in more than ...washingtonpost.com · tier 2 · cited for: supports
Where this claim was made
Said in 1 published post
Checked 2 times
Each check reads the sources again. The newest verdict is the one this page states.
- · latestTrue
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