Consumer prices for hospital services rebounded in August with a 0.5% increase following a drop of 0.5% in July, which marked the largest one-month decline since the Bureau of Labor Statistics began to collect comparable figures.
Hospital services prices bounce back
Last month's rise in hospital prices compares with a 0.6% increase during the same month a year ago, according to the Consumer Price Index. Consumer prices for inpatient hospital services rose faster than outpatient services in August, climbing 0.6% and 0.3%, respectively. The figures are seasonally adjusted.
For the year that ended in August, consumer prices for hospitals rose 6.9% compared with 7% the prior 12 months.
Physician service consumer prices rose 0.2% in August, down from an increase of 0.4% in the prior month and identical to the increase for the same month the prior year. During the year that ended last month, the physician Consumer Price Index increased 3.3%, up from 3% for the prior year.
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