Consumer hospital prices jumped 1.3% in February, the largest one-month increase since comparable figures were first reported in February 1997. Inpatient and outpatient hospital prices spiked last month, 1.2% and 1.3%, respectively, the seasonally adjusted figures from the Bureau of Labor Statistics show. Consumer prices for all goods and services remained flat last month.
Consumers see jump in hospital prices
Last month’s sharp climb for hospital consumer prices compares with 0.7% in the same month a year ago and 0.5% in January. For the 12 months ended in February, the federal agency’s Consumer Price Index for hospitals rose 8.1% compared with 6.1% a year ago.
Consumers saw physician prices rise 0.3% in February, down from 1.1% in January. The same month last year, consumer prices for physicians rose 0.1%. The physician CPI for the year that ended last month was 3.5% compared with 3.3% the prior year.
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