Wholesale prices for physician offices rebounded again in February, jumping 3% after a 1.3% rise in January and compared with a 0.1% increase in the year-ago period, according to the preliminary Producer Price Index from the Bureau of Labor Statistics. For the 12-month period, the physician PPI skyrocketed 5.4%, compared with 0.9% in the year-ago period.
Meanwhile, hospital prices declined 0.1% in February, slumping after a 0.8% rise in January and compared with a 0.1% increase in the year-ago period. For the 12 months ended in February, the hospital PPI was up 3.4%.
The PPI measures the average change over time in the selling prices received by producers of goods and services. -- by Cinda Becker