Consumer prices for hospital services increased 0.5% in July for the second month in a row, according to newly released seasonally adjusted figures from the U.S. Bureau of Labor Statistics.
Consumers see hospital prices rise 0.5%
That's compared with the 0.3% decline for hospital consumer prices for July 2010. The growth rate for hospital consumer prices held steady for the 12 months ended in July at 7%, identical to the prior year.
Inpatient hospital consumer prices increased 0.5% last month as outpatient prices increased marginally slower for the month at 0.4%. During the year that ended in July, inpatient consumer prices have outpaced outpatient consumer prices, climbing 7.5% and 5.9%, respectively.
Physician services consumer prices edged up 0.1% in July after an increase of 0.3% in June, the figures show. In July 2010, physician consumer prices increased 0.4%. For the 12-month period that ended last month, physician office consumer prices increased more slowly than the prior 12 months, rising 2.4% and 3.3%, respectively.
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