Hospital prices declined 0.3% in August after a 0.4% increase in July, according to the preliminary Producer Price Index from the Bureau of Labor Statistics. In the year-ago period, the PPI for hospitals rose 0.1%. For the 12 months ended in August, the hospital PPI was up 2.9% compared with 4.7% in the year-ago period.
Wholesale prices for physician offices declined 0.1% in August after a 0.2% decline in June. That compared with no change in the year-ago period. For the 12-month period, the physician PPI rose 3.6%, compared with a 1.1% increase 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
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