Prices paid to acute-care hospitals and physician offices continued a climb begun earlier this year, rising 0.6% and 0.5%, respectively, in February, according to the preliminary Producer Price Index from the Bureau of Labor Statistics.
Acute-care hospital prices rose 0.8% in January, after increases of 0.1% or less in four of the previous five months. Prices paid to physician offices, excluding mental-health facilities, rose 0.3% in January, following 10 straight months of increases of 0.1% or less.
Over the 12 months ended in February, the PPI was up 3.9% for hospitals and 0.9% for physician offices. The PPI attempts to measure the average change in prices received by producers of goods and services.