The annual Serials Price Projection Report from EBSCO is advising that the overall effective publisher price increases for academic and academic/medical libraries are expected to be in the 6 to 8 percent range before currency impact. There are indications that collection budgets are increasing but librarians will still have to make difficult renewal decisions and currency exchange fluctuations may impact price.
The press release is below and can also be found online at: http://www.prweb.com/releases/2014Serials/PriceProjections/prweb11164612... and on the EBSCO website at: http://www.ebscohost.com/newsroom/stories/ebsco-releases-2014-serials-pr.... The full release can be read at: http://www2.ebsco.com/en-us/InfoProfs/academic/Pages/budgetingtools.aspx
EBSCO Releases 2014 Serials Price Projection Report
~ Effective Publisher Price Increases Expected to be in 6-8 Percent Range ~
IPSWICH, Mass. — September 26, 2013 — Each year, EBSCO releases its Serials Price Projections, based on surveys of a wide range of publishers and reviews of historical serials pricing data to assist information professionals as they make budgeting decisions for the upcoming renewals season.
For 2014, the overall effective publisher price increases for academic and academic/medical libraries are expected to be in the range of 6 to 8 percent (before currency impact).
The projected mid-single digit serial price increases indicate that the ongoing initiatives and debates in the academic publishing world are having very little impact on fundamental business models and pricing strategies. Librarians and smaller publishers will continue to face difficult choices as the renewal of individual journal titles and other non-bundled content is balanced with the ongoing obligations of e-journal package or “Big Deal” content.
Even with current models, there could be positive changes for libraries due to the improving economy in the United States. A recent survey by the Association of Research Libraries showed that the percentage of respondents reporting collection budget increases of 3 percent or more grew from 20 percent in 2012 to 42 percent in 2013.
While most international publishers set their prices in the major currencies, such as U.S. dollars for the U.S. market, currency exchange fluctuations can still impact prices. EBSCO recommends customers add an additional 2 to 4 percent to the estimated price increases when budgeting to protect themselves from a possible weakening of the currency in which they are invoiced between now and the time subscription payments are made. EBSCO will update the projection information if there are developments in world currency exchange rates.
While based upon careful analysis, EBSCO recommends caution when using these projections, as they rely on historical trends and current estimates. To read EBSCO’s 2014 Serials Price Projection Report in its entirety and view the Five Year Journal Price Increase History, visit www.ebsco.com.
About EBSCO Information Services
EBSCO Information Services (EBSCO) is the leading provider of resources for libraries including EBSCONET®, EBSCO’s total e-resource management system, and EBSCOhost®, the world's premier for-fee online research service, including full-text databases, subject indexes, point-of-care medical reference, historical digital archives and e-books. EBSCO provides more than 375 research databases and nearly 450,000 e-books plus subscription management services for more than 360,000 unique titles including more than 57,000 online titles. Through a library of tens of thousands of full-text journals and magazines from renowned publishers, EBSCO serves the content needs of all researchers (Academic, Medical, K-12, Public Library, Corporate, Government, etc.). EBSCO is also the provider of EBSCO Discovery Service™ (EDS), which provides each institution with a fast, single search box for its entire collection, offering deeper indexing and more full-text searching of journals and magazines than any other discovery service. For more information, visit the EBSCO Web site at: www.ebsco.com. EBSCO is a division of EBSCO Industries Inc., one of the largest privately held companies in the United States.
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