The physician CPI spiked 0.9% in May, up from 0.1% in April, according to the U.S. Bureau of Labor Statistics seasonally adjusted Consumer Price Index. For the 12-month period ended in May, the physician CPI rose 2.8%, compared with a 3.6% increase in the year-ago period.
Prices for hospital services rose 0.4% in May, down from 0.6% in April. For the 12 months ended in May, the hospital CPI was up 7.9%, compared with a 6% rise in the year-ago period. On a seasonally adjusted basis, the overall CPI rose 0.6% in May after increasing 0.2% in April. For the 12-month period ended in May, the overall CPI was up 4.1% compared with 2.7% in the year-ago period. The CPI is a measure of the average change in prices over time of goods and services purchased by households. -- by Cinda Becker