Wholesale prices for hospital services increased 0.2% in May after a 0.3% climb each of the prior two months, according to preliminary figures from the U.S. Bureau of Labor Statistics. Last month's increase was marginally higher than the 0.1% rise the same month the prior year. For the year that ended in May, wholesale hospital prices increased 2.3%. That's compared with the 2.1% growth during the previous 12 months.
Hospital PPI up 0.2% in May; doc-office figures flat
Wholesale physician prices were flat in May after a 0.1% decline in April, the preliminary Producer Price Index figures show. In May 2011, physician prices were also unchanged. For the 12 months that ended in May, physician prices increased 1.5% compared with the prior year's 1.8% rise.
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