Higher-Education Price Index Rises 3.6 Percent, Trailing Consumer Price Index

The Higher Education Price Index, a widely used measure of colleges' inflation costs, rose by 3.6 percent for the 2008 fiscal year that ended on June 30.

But even as they heralded the good news of that moderate increase, experts at the Commonfund Institute who maintain the index noted that broader economic trends could portend higher costs for colleges in the months to come. "The fear now is that inflation is reigniting," said John S. Griswold Jr., executive director of the