PriceSCAN Press Release
4/15/09
5% Decline in Digital Camera – 12MP Index over Last Two Weeks
PriceSCAN Vice President of Financial Products Daniel Fehder commented that the Digital Camera – 12MP index posted a 5% decline over the past two weeks after seeing a 2.2% increase since the beginning of December
Jeff Trester, PriceSCAN Co-CEO and Chief Economist, noted, “This reversal of earlier modest price gains would indicate that any support from increased consumer demand and lower inventories is not yet sufficient to sustain price stability in the higher resolution digital camera market. This is a reminder that some signs of retail tech price firming in the last few months are still tentative and could prove ephemeral in the face of continued economic weakness.”
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.
