The “Periodicals Price Survey” for 2014 has just been published in Library Journal. It’s reported that while the general economic climate is positive, “if the broad figures are closely scrutinized, public funding and spending in libraries have not yet recovered to 2008 levels adjusted for inflation or population growth.” As usual, the report provides a diverse range of analyses, e.g. Average 2014 Price for Scientific Disciplines; Average 2014 Price Per Title by Country; Average 2014 Price for Online Journals in the ISI Indexes; Periodical Prices for University and College Libraries, etc. The report forecasts that not much will change price-wise in 2015: “The 2014 6% average price increase is expected to remain stagnant for 2015, hovering in the 6% to 7% range. That 6% seems to be a level of inflation that is neither too hot for libraries nor too cold for publishers, so for the time being, 5.5% is a safe bet. However it is only April, and a lot could change before 2015 pricing is finalized.”
This year’s “Periodicals Price Survey” also has a particularly interesting analysis “Measuring the Value of Journals”. The authors write that price alone is not the sole factor determining value. Increasingly, altmetrics are being utilized to assess the impact of journals. The report explores “the relationship between prices and metrics used to assess journals like Impact Factor, Eigenfactor, and the Article Influence Score.” The authors also analyze the relationships between the cost of periodicals and the number citations.