Each year in April Library Journal publishes a study of the cost of periodicals indexed in the Institute for Scientific Information’s (ISI) various citation indexes. The journals covered in the study represent those generally acquired by large research libraries. Librarians watch this study each year in order to note trends in journal pricing and to predict prices for the next year. In addition to many other disciplines, the April 2014 study included an average of 1411 titles published in the health sciences throughout the world and detailed subscription costs for years 2012-2014. In 2014, the average cost of journals in the Library of Congress health sciences classification was $1,479, a 7% increase over the average cost of $1,385 in 2013. From 2012 to 2014, the average cost of a health sciences journal increased an average of 6% from $1,411 in 2012 to $1,479 in 2014. Among all disciplines, chemistry journals were the most costly. The study estimates that barring any major upheaval in the world economy, periodical prices are likely to rise 6.1% in 2015.
The article also discussed other factors affecting the journal subscription market this year. Library budgets have not fully recovered from the economic downturn of 2008. Average prices for STM journals remain the highest among academic disciplines. “Big Deal” bundled publisher packages continue to dominate academic licensing of e-journal content and subscriptions to print journals continue to decline as libraries convert many of their subscriptions to electronic format. Open access is evolving with funding agency mandates for public access to research results and mega open access journals such as PLoS One and Peer J gaining in popularity. The complete Library Journal article can be accessed at: http://lj.libraryjournal.com/2014/04/publishing/steps-down-the-evolutionary-road-periodicals-price-survey-2014/.
For further information about the UT Health Science Center Library’s journal collection, contact Rajia Tobia, Executive Director of Libraries, firstname.lastname@example.org.