Prices for hospital services climbed 0.3% in June after two consecutive months of 0.7% increases, according to the U.S. Bureau of Labor Statistics seasonally adjusted Consumer Price Index. For the 12 months ended in June, the hospital CPI was up 5.8%.
The physician CPI rose 0.3% in June after a 0.1% increase in May. For the 12-month period, the physician CPI rose 3.8%. On a seasonally adjusted basis, the CPI advanced 0.2% in June, following a 0.7% increase in May. The CPI is a measure of the average change in prices over time of goods and services purchased by households.
Wholesale prices for physician offices rose 0.1% in June after a 0.1% decline for two consecutive months, according to preliminary Producer Price Index data from the Bureau of Labor Statistics. That compared to a 0.3% rise in the year-ago period. For the 12-month period, the physician PPI rose 4%, compared with a 1% increase in the year-ago period.
Meanwhile, wholesale hospital prices rose 0.3% in June after no change in May and a 0.1% increase in the year-ago period. For the 12 months ended in June, the hospital PPI was up 3.5%. The PPI measures the average change over time in the selling prices received by producers of goods and services. -- by Cinda Becker