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Decline in hospital CPI biggest since ‘97
Modern Healthcare

Consumer prices for hospital services dropped 0.7% in April, the largest one-month decline since the U.S. Bureau of Labor Statistics first reported the figures in January 1997. The drop follows a 0.4% increase the prior month, figures for the BLS Consumer Price Index show. In April 2012, hospital consumer prices increased 0.5%. Daniel Ginsburg, supervisory economist at the Labor Bureau’s consumer price program, said the sharp decline does not necessarily suggest a shift in price trends.