Prices of essential medicines to hike by over 12 percent from April 1
New Delhi: The pharma industry is going to see the highest ever annual increase in prices of essential medicines as the cost of such drugs including painkillers, anti-infectives, antibiotics are set to rise by more than 12 percent effective April 1, 2023.
A decision in this regard was taken by the National Pharmaceutical Pricing Authority (NPPA).
"Based on the Wholesale Price Index (WPI) data provided by the Office of the Economic Advisor, Department of Industry and Internal Trade, Ministry of Commerce and Industry, the annual change in the WPI works out as 12.1218% during the calendar year 2022 over the corresponding period in 2021," NPPA notified.
The move will impact the prices of more than 800 drugs on the National List of Essential Medicines (NLEM). On one hand it brings relief to the pharma industry that has been battling with the increasing input costs due to the pandemic. However, consumers will have to pay more for routine and essential drugs, including painkillers, anti-infection drugs, cardiac drugs, and antibiotics.
Also Read: NPPA Revises Ceiling Price Of 80 Scheduled Formulations, Details
Disclaimer: This website is primarily for healthcare professionals. The content here does not replace medical advice and should not be used as medical, diagnostic, endorsement, treatment, or prescription advice. Medical science evolves rapidly, and we strive to keep our information current. If you find any discrepancies, please contact us at corrections@medicaldialogues.in. Read our Correction Policy here. Nothing here should be used as a substitute for medical advice, diagnosis, or treatment. We do not endorse any healthcare advice that contradicts a physician's guidance. Use of this site is subject to our Terms of Use, Privacy Policy, and Advertisement Policy. For more details, read our Full Disclaimer here.
NOTE: Join us in combating medical misinformation. If you encounter a questionable health, medical, or medical education claim, email us at factcheck@medicaldialogues.in for evaluation.