Prices for hospital services climbed 0.7% for the second consecutive month in May, according to the U.S. Bureau of Labor Statistics seasonally adjusted Consumer Price Index. For the 12 months ended in May, the hospital CPI was up 6%.
The physician CPI rose 0.1% in May after remaining unchanged for two consecutive months. For the 12-month period, the physician CPI rose 3.6%. On a seasonally adjusted basis, the CPI advanced 0.7% in May, following a 0.4% rise in April. The CPI is a measure of the average change in prices over time of goods and services purchased by households. -- by Cinda Becker