A learned reader points to an estimate from information services provider EBSCO that in 2018 Australian libraries will pay 1-2 per cent more for journals billed in US$ and 9-10 per cent for those billed in stg and euros. Ex exchange rates publisher prices will rise 5-6 per cent. Between 2013 and this year EBSCO estimates scholarly journal prices increased around 25 per cent
“The fundamentals of publisher business models have not changed, and libraries continue to face increases in serials pricing,” EBSCO reports. With university libraries telling EBSCO, “budgets for materials are not keeping pace with publishers’ annual price increases.” A case of charging what the market can’t bear.