Analysis of the Inflation Processes within the European Drug Market
Analysis of the Inflation Processes within the European Drug Market

Author(s): Valeri Minchev
Subject(s): Politics / Political Sciences, Politics, Economy, Business Economy / Management, EU-Accession / EU-DEvelopment, Socio-Economic Research
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: Drug prices; Drug enforcement; Illegal drugs; Black market; Inflation
Summary/Abstract: In this research, we focus on the influence of prices, signified through inflationary processes, and their impact on the price levels of drugs. For this purpose, the situations within the European wholesale and retail drug market is studied, data related to the changes in the price levels of drugs is analyzed in a dynamic order, within the selected period 2011-2021, in order to highlight the trends of growth. The change in the purity/potency of drugs and the dependence of price levels on it is also studied. For this purpose, the price indexes of drugs are adjusted with the price/potency indexes. It was found that in general the price indices decreased, the purity/potency indices increased and accordingly the price index adjusted with purity/potency index decreased to a greater extent than the price indices.

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