Federal pricing data painted a mixed picture for hospital prices in May, while physician prices were close to flat for the month.
Consumer 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%.
Wholesale hospital prices remained static in May after an 0.3% increase in April, according to the BLS preliminary Producer Price Index. For the 12 months ended in May, the hospital PPI was up 3.3%.
Meanwhile, 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%. 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.