The cost of textbooks has gone up twice the rate of inflation each year since the late 80s, says a new report. “The average annual cost of textbooks for a student in 2003-04 was $898 at a four-year college and $886 at a two-year college, the report found. While overall prices have increased 72 percent since 1986, the report said, college tuition and fees have increased 240 percent and textbooks 186 percent.”