August 1, 2008
Cost Pressures Squeeze Academe
Colleges pay more for products like heating oil, fertilizer, and ice cream
The proof that colleges and universities are virtual cities is in their budgets. Even smaller institutions have a dizzying array of spending needs.
As a result, the inflation crunch has hit colleges in many ways.
Surging oil and food prices are driving up costs of other items, economists say. In June consumer inflation reached its highest point in 17 years, with a 1.1 percent increase in that month