Wholesale prices for acute-care hospital services climbed 0.3% in October, compared with a 0.2% drop in September, according to preliminary Producer Price Index figures from the Bureau of Labor Statistics. Last month's moderate rise is in contrast to sharp increases reported in the same month for prior years, including 1.8% in October 2009. For the year that ended in October, hospital prices increased 1.4%, down from 3.9% the prior 12 months.
Wholesale hospital, doc office prices increase
Wholesale prices for physician office services increased 0.5% in October after climbing 0.1% in September. In October 2009, the physician office producer price index also rose 0.5%. For the year that ended last month, the index rose 2.5% compared with the prior year's increase of 2.7%.
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