Wholesale prices for physician offices declined 0.7% in March, following a 3.0% jump in February and compared with a 0.2% 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 rose 4.5%, compared with 0.7% in the year-ago period.
Hospital prices rose 0.1% in March, rebounding slightly after a 0.1% slump in February and similar to a 0.1% increase in the year-ago period. For the 12 months ended in March, 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