Subscription journal prices still growing much faster than inflation

This news isn't exactly breaking. The message hasn't changed for at least three decades. But it's another wave of evidence that the system of scholarly communication is breaking or broken.

Excerpts from Steven Bosch and Kittie Henderson, "The Winds of Change: Periodicals Price Survey 2013," Library Journal, April 25, 2013:

This year, the serials pricing data indicates that prices are increasing at about the same rate as last year. Increases seemed to have plateaued at about 6% for 2013. Data from the merged ISI indexes shows a 6% increase for 2013, unchanged from 2012....The Consumer Price Index (CPI), on the other hand, advanced 1.7% for 2012, which means serials inflation continues to far exceed general inflationary pressures and library budget adjustments. Serials prices showed restraint in 2010, but since that time they have risen steadily, and budgets have not. The price increases are not driven by science, technology, and medical (STM) prices since education and library science showed the highest increases, 9%, in 2013 ISI data, while the numbers from ASP showed anthropology and health sciences increasing at the 9% levels. Average prices for STM serials remain the highest, compared with prices for serials in other subject areas....

Philosophical issues aside, with the 2012 open access market estimated at $172 million by Outsell, open access is a business model. Funding will still be required to support the green, hybrid, and gold open access or subscription/membership costs....[O]pen access options are currently being offer[ed] by all the major publishers....

#oa #openaccess
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