Healthcare Business News

Hospital CPI rises 0.1% in October

By Melanie Evans
Posted: November 15, 2012 - 11:00 am ET

Consumer prices for hospital services increased 0.1% in October compared with 0.6% the prior month, according to newly released figures from the U.S. Bureau of Labor Statistics' Consumer Price Index. Hospital prices increased 0.6% in October 2011. During the year that ended in October, hospital consumer prices increased 4.5% compared with 5.4% the prior year.

Last month, inpatient hospital consumer prices decreased 0.2% after the prior month's gain of 0.5%. Outpatient hospital consumer prices in October rose 0.2% following a 0.7% increase in September.

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Consumer prices for physician services were flat last month and increased 0.5% in September. In October 2011, the physician CPI increased 0.5%. For the year that ended last month, the physician CPI increased 2.4% compared with 2.7% the prior year.

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