Pharmaceutical products CPI trends UK 2024| Statista

In 2024, the consumer price index (CPI) of pharmaceutical products in the United Kingdom (UK) was measured at some 133. 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.

UK OTC medication market

The sales value of the British over-the-counter (OTC) medicines market has generally increased since 2000, amounting to a worth of approximately 4.1 billion British pounds in 2024. The category with the highest sales value among OTC medication in 2024 was pain relief, which accounted for nearly 860 million British pounds worth of sales.

Prescribed medication

At the same time as the OTC market has been growing, the number of prescription items dispensed also increased during this period. In 2023/24, the number of items dispensed in England showed a record high of 1.11 billion. The average number of prescription items dispensed per month at pharmacies in England came to over 7,100 in 2023/24.

Consumer price index (CPI) of pharmaceutical products annually in the United Kingdom (UK) from 2003 to 2024

Characteristic	Consumer price index (2015 = 100)
2024	133.2
2023	126.1
2022	114
2021	111.6
2020	112.1
2019	108.6
2018	106.3
2017	103.9
2016	101.8
2015	100
2014	98.3
2013	96
2012	95
2011	93.2
2010	90.8
2009	90.6
2008	88.9
2007	88.4
2006	87.3
2005	87.2
2004	87.6
2003	88.7

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Release date

May 2025

More information

Region

United Kingdom

Survey time period

2003 to 2024

Supplementary notes

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.

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