Prices for hospital services climbed 0.6% in August following a 0.9% increase in July, according to the U.S. Bureau of Labor Statistics seasonally adjusted Consumer Price Index. For the 12 months ended in August, the hospital CPI was up 6.3%.
The physician CPI rose 0.2% in August after a 0.4% increase in July. For the 12-month period, the physician CPI rose 4.1%.
On a seasonally adjusted basis, the CPI in general declined 0.1% in August, the first decline since a 0.4% decrease in October 2006.
The CPI is a measure of the average change in prices over time of goods and services purchased by households. -- by Cinda Becker
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