Wholesale acute-care hospital prices edged up 0.1% in May after the prior month's increase of 0.2%, according to preliminary figures released by the U.S. Bureau of Labor Statistics. The agency's monthly snapshot of wholesale prices, the producer price index, showed a slight decline of 0.1% for wholesale hospital prices in May 2010.
Wholesale hospital, doc-office prices edge up
For the 12-month period ended in May, the index shows wholesale hospital prices continued to grow more slowly than in prior years. In May 2010, wholesale hospital prices rose 3.4% during the prior 12 months. That's compared with 2.8% for the year ended in May 2009; 3.5% for the year that ended in May 2008; 3.3% for the 12 months ended in May 2007; 4.3% the prior year and 3.4% the year before that.
Physician office wholesale prices rose 0.1% in May compared with a 0.1% decline the prior month and no change in May 2010. For the 12-month period ended last month, wholesale physician office prices increased 1.7% compared with 2.1% the prior year.
Send us a letter
Have an opinion about this story? Click here to submit a Letter to the Editor, and we may publish it in print.