PriceSCAN Press Release
9/10/09
2.3% Drop in 40 Inch Plasma TV – 1080p Index Caps a 6.8% Fall over Past Two Weeks
PriceSCAN Vice President of Financial Products Daniel Fehder commented that the 40 Inch Plasma TV – 1080p Index dropped 2.3% this week. The index has seen a steady decline over the past two weeks totaling a 6.8% decline. This two week drop follows a period of price increase from 7/22 to 8/10 where the index gained 7%.
Jeff Trester, PriceSCAN Co-CEO and Chief Economist, noted, “That the sweet spot of the plasma market is giving up summer price gains ahead of the holiday season does not suggest robust demand. Consumer financial stress is likely at fault, and recent suggestions that current technology could be made obsolete by a 2010 introduction of 3D-capable models may increase buyer hesitation, further pressuring prices.”
About The PriceSCAN Manufactured Product Indices
The PriceSCAN Manufactured Product Indices are a set of 50 indices tracking a broad array of finished good prices at the retail level. The PriceSCAN indices are carried on Bloomberg's data service under the ticker symbol PRIC and are available on PriceSCAN.com’s website at http://www.pricescan.com/indices. PriceSCAN.com also makes available customized data packages for clients in the financial, technology and retail communities.
About the PriceSCAN.com Econometric Team
Dr. Jeffrey J. Trester is Co-CEO and Chief Economist of PriceSCAN. After graduating MIT and attending Yale for graduate studies in theoretical physics, Dr. Trester received his PhD in financial economics from the Wharton School. He has also served on the Philadelphia Federal Reserve Bank’s Business Council. Daniel C. Fehder is Vice President of Financial Products at PriceSCAN.com. A graduate of Harvard and University of Pennsylvania, he can be reached for comment at analytics {at} pricescan.com
About PriceSCAN.com, Inc
Founded in 1997, PriceSCAN.com is a comprehensive price and product comparison service. Millions of consumers a year have used PriceSCAN.com to bargain hunt. In addition to price comparison, PriceSCAN.com offers objective vendor ratings, a price focused technology blog, user reviews, price trend graphs, and email price target alerts.
