Consumer prices for hospital services increased 0.7% in October after rising 1.8% the prior month, according to seasonally adjusted figures from the Bureau of Labor Statistics. That's compared to October 2009 when the consumer price index for hospitals was 0.4%.
Consumers see increase in hospital prices
Inpatient hospital services rose 0.8% and outpatient services climbed 0.7% in October. For the 12-month period ended in October, consumer hospital prices climbed 8.5%, up from 6.9% for the year ago period.
Consumer prices for physician services dropped 0.1% last month after a 0.4% increase in September. The physician CPI increased 0.1% in October 2009. During the 12-month period ended in October, consumers saw physician prices rise 3.2% compared with the prior year's 2.8% rise.
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