Wholesale prices for hospitals declined 0.4% in December 2007 after a 0.6% increase in November, 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 December, the hospital PPI was up 3.1% compared with 3.9% in the year-ago period.
Meanwhile, physician office prices dipped 0.1% in December after remaining unchanged in November. The PPI increased 0.3% in the year-ago period. For the 12-month period, the physician PPI rose 4.2% 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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