Consumer prices for hospital services increased 0.7% in October, according to the latest monthly figures from the U.S. Bureau of Labor Statistics. The figures are seasonally adjusted.
Consumer hospital prices up 0.7% in October
For the same month last year, the agency's Consumer Price Index shows an identical increase. During the 12 months ended last month, hospital consumer prices climbed 5.4% compared with 8.4% the year before that.
Consumer inpatient hospital prices climbed faster than outpatient prices in October. Consumer prices increased 0.9% for inpatient services last month compared with 0.5% for outpatient prices. For the same month the prior year, inpatient and outpatient services increased at the same rate of 0.7%.
Physician consumer prices increased 0.5% last month compared with 0.1% for the same month the prior year. For the year that ended in October, prices increased 2.7% after the 3.3% rise for the prior year.
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