October 11th, 2011 by Linda Dickinson
If you’ve ever lost a library book and been charged for a replacement, you may still be in sticker shock – even after buying your textbooks. According to one of our major book vendors, the price of an average hardcover book sold to a college library was $80.61 last fiscal year. That represents a 5.3% increase, and this is the ninth consecutive year of price increases for scholarly, professional and scientific books. Ebooks (priced for sale to a single user in a library) came in with an average price of $97.10.
This vendor adds that in the past 15 years there have only been two drops in the average book price. There is every indication from the academic publishers that price inflation continues and they are forecasting another 3-4% increase this year.