Wholesale prices for physician offices declined 0.1% in May for the second consecutive month, compared with a 0.2% rise 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 4.3%, compared with a 0.8% increase in the year-ago period.
Meanwhile, hospital prices remained static in May compared to the 0.3% increase in April and the 0.1% increase in the year-ago period. For the 12 months ended in May, the hospital PPI was up 3.3%, compared with 4.3% in the year-ago period. The PPI measures the average change over time in the selling prices received by producers of goods and services. -- by Cinda Becker