Wholesale prices for physician offices declined 0.1% in April, following a 0.7% decline in March and equal to the 0.1% decline 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 to 0.6% in the year-ago period.
Meanwhile, hospital prices rose 0.3% in April, tripling the 0.1% increase in March and equal to the 0.3% increase in the year-ago period. For the 12 months ended in April, 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