PriceSCAN Press Release
9/16/09
3 Percent Drop in 20 Inch LCD TV Index after Three Months of Price Stability
PriceSCAN Vice President of Financial Products Daniel Fehder commented that the LCD TV – 20 Inch Index dropped three percent this week. The index has fluctuated between 50.8 and 53.6 during the third quarter, but mostly stayed comfortably above 51
Jeff Trester, PriceSCAN Co-CEO and Chief Economist, noted, “Up to now, smaller, low-cost LCD televisions may have been somewhat insulated from the effects of a weak retail sector due to their affordability. This breakout to the downside could represent part of the natural process of price reductions as the technology becomes more mature and newer products, including 3D capable models, are thought to be on the horizon.”
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.
