Wholesale prices for physician office services dipped 1.6% in March after a 0.2% rise in February, according to the preliminary Producer Price Index from the Bureau of Labor Statistics. The PPI rose 0.2% in the year-ago period. For the 12-month period, the physician PPI declined 1.2% compared with a 4.5% increase in the year-ago period.
Wholesale prices for hospitals rose 0.5% in March after a 0.1% decline in February. In the year-ago period, the PPI for hospitals declined 0.1%. For the 12 months ended in March, the hospital PPI was up 3.6%, the same as 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