Essential medicines to become costlier as drug companies allowed price hike

Medicine price hike news: Starting in April, consumers in India will face higher prices for essential medicines, including painkillers, anti-infectives, cardiac drugs, and antibiotics. Government has allowed drug companies to increase prices in line with the change in the annual Wholesale Price Index (WPI). The National Pharmaceutical Pricing Authority (NPPA), the drug prices regulator, revealed that the annual change in WPI, as notified by the government, was 12.12% in 2022. 

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