However, UT is still subscribing to and paying for electronic versions of these journals, at a substantial fraction of the print price. The funding for e-only journals comes from a central library source and is no longer part of the Chemistry Library budget.
Inflation is paid for by reallocation of existing library funds.
Sept.1 - Aug.31. Most of the year's serials expenditures are made by March 1. Inflation rates vary considerably from title to title and year to year. The strength of the U.S. dollar against European currencies is also an important, uncontrollable factor. 6 titles more than tripled during that same time.