Wholesale prices for acute-care hospital services in July ticked up 0.2% after three months of remaining virtually flat, according to preliminary Producer Price Index figures from the Bureau of Labor Statistics. In July 2009, the hospital PPI climbed 0.1%. For the 12-month period ended in July, hospital wholesale prices rose 3.5% compared with 2.6% in the year-ago period.
Wholesale hospital prices edge up in July
Wholesale prices for physician-office services increased 0.4% in July, rising twice as fast as the previous month, the preliminary figures show. The PPI for physician offices rose 0.2% in July 2009. For the 12-month period ended in July, the index was up 2.2% compared with 2.7% in the year-ago period.
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