Inflation is impacting schools and agents on “numerous fronts” and may result in the need for them to increase their prices by 9% in 2023, according to a new survey.
The Impact of Global Inflation on the International Education Industry, a snapshot survey conducted by ALTO, shows how most agents and schools are in “no condition to absorb or sustain any further losses”.
“We are currently going through the highest global inflation rate hikes in decades,” Selim Dervish, ALTO board member and founder of Academia United, told The PIE News.
“Worldwide soaring demand and lack of supply caused by the pandemic is probably the main cause of the inflation we are experiencing today.
