PriceSCAN Press Release
7/1/09
6% Decrease This Week for Plasma - 1080p - 50 Inch Index
PriceSCAN Vice President of Financial Products Daniel Fehder commented that the Plasma - 1080p - 50 Inch Index posted a 6% decline this week. The index showed stability throughout Q2 2009, posting an increase of 2% excluding last weeks decline. There was also a period of significant price increase where the index rose 8% from the end of February to mid-April.
Jeff Trester, PriceSCAN Co-CEO and Chief Economist, noted, “That the prices of larger plasmas are suddenly taking a nosedive after two quarters of stable and even rising prices cannot help but give pause to those hoping for signs of recovery in retail electronics. As we move into summer, it may be that vendors are slashing prices in the face of waning tech consumer confidence.”
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.
