News > Price of essential medicines set to spike by 10%; officials blame WPI inflation
Price of essential medicines set to spike by 10%; officials blame WPI inflation
Firstpost | 03/03/2022 05:22 PM | Click to read full article
Every year, the prices of these medicines rise by 2-3 percent and seldom exceed 4 percent.
The Indian Drug Manufacturers Association recently demanded that drug makers should be allowed to increase prices of all non-scheduled drugs by 20 percent, arguing that rising input costs confront the pharmaceutical industry.
