Wholesale hospital prices fell 0.2% in May after rising for two months, the Bureau of Labor Statistics reported in preliminary figures for its Producer Price Index. In the same month last year, hospital prices were flat. For the year that ended in May, hospital prices rose 3.5%, compared with 3.3% for the 12-month period ended in May 2007.
Physician-office prices climbed for the second month in May by 0.7% after falling for two months, the labor bureaus preliminary figures show. In May 2007, physician-office prices dipped 0.2%. For the year that ended in May, physician-office prices rose 1% compared with 4.1% for the same 12-month period a year ago. -- by Melanie Evans