Wholesale prices for hospitals rose 1.6% in Octoberthe largest monthly increase this yearafter a 0.1% increase in September, according to the preliminary Producer Price Index from the Bureau of Labor Statistics. In the year-ago period, the PPI for hospitals rose 1.3%. For the 12 months ended in October, the hospital PPI was up 3.1% compared with 3.9% in the year-ago period.
Meanwhile, physician office prices climbed 0.7% in October following a 0.1% rise in September. That compared with a 0.1% decline in the year-ago period. For the 12-month period, the physician PPI rose 4.6%, compared with a 0.8% 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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