Consumer prices for hospital services fell 0.5% in July, the largest one-month drop since the U.S. Bureau of Labor Statistics began publishing comparable data in 1997. Last month’s decline is the first since August 2005, when the Consumer Price Index for hospital services dropped 0.2%. The figures are seasonally adjusted. Last month’s decline compares with a 0.7% increase a year ago and a 0.6% increase in June. For the 12-month period ended in July, the hospital Consumer Price Index rose 6.9% compared with 7.1% a year ago. The physician CPI increased 0.4% in July compared with an increase of 0.2% a year ago and an increase of 0.5% in June. For the 12-month period ended last month, consumer prices for physician services rose 3.3% compared with 3.4% a year ago.
Late News: Hospital prices for consumers see biggest drop since '97
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