Prices paid to acute-care hospitals rose 0.2% in May, for a 12-month increase of 3.5%, according to preliminary Producer Price Index data from the U.S. Labor Department. The monthly increase is the largest since December 2004, when the hospital PPI also rose 0.2%. Wholesale prices at physician offices, excluding mental health services, rose 0.3% in May, the second straight monthly increase after two consecutive months of declines. The physician PPI was up 1% for the 12 months. The PPI for the overall economy fell 0.6% in May but increased 3.5% over the 12 months. The index attempts to measure the average change in prices received by producers. -- by Joseph Mantone
May PPI up 0.2% for hospitals, 0.3% for doctors
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