Prices for hospital services climbed 1.2% in Octoberthe highest monthly advance this yearfollowing a 0.8% increase in September, according to the U.S. Bureau of Labor Statistics seasonally adjusted Consumer Price Index. For the 12 months ended in October, the hospital CPI was up 7.7%.
The physician CPI rose 0.4% in October, doubling the 0.2% rise in September. For the 12-month period, the physician CPI rose 4.3%. In general on a seasonally adjusted basis, the CPI increased 0.3% in October, the same as in September. The CPI is a measure of the average change in prices over time for goods and services purchased by households. -- by Cinda Becker
What do you think? Post a comment on this article and share your opinion with other readers. Submit your letter to Modern Healthcare Online at [email protected]. Please be sure to include your hometown and state, along with your organization and title.