Consumer prices for hospital services climbed 0.3% in October compared with the prior month's 0.7% growth, the seasonally adjusted Consumer Price Index released by the Bureau of Labor Statistics shows. Last month's more modest gain is comparable to the 0.4% bump in October 2008. For the 12-month period ended in October, the hospital index increased 6.9% compared with 6.5% for the prior year.
For physician offices, the consumer prices edged up 0.1% in October after three straight months of 0.2% growth. In October 2008, the index posted an identical 0.1% increase. For the 12-month period ended in October, consumer prices for physicians increased 2.8% compared with 2.7% for the year-ago period.