Private academies have increased school fees by up to 47 per cent ahead of the new academic calendar starting this month as they move to protect their earnings from a surge in the cost of living.
The institutions attribute the changes to rising inflation that eased to 9.1 per cent in December after hitting a 67-month high of 9.6 per cent in October as households grapple with the high cost of goods and services, meaning that higher fees will further choke family finances.
