PriceSCAN Press Release
9/30/08
Holiday Discounts of 42 inch 720p Plasma Televisions Begin Early
PriceSCAN Vice President of Financial Products Daniel Fehder commented that our 42 inch 720p Plasma Index dropped 3% this week adding to price decreases that total 7% over the month of September. In contrast, the index only declined 7% over the whole of Q2 2008.
Jeff Trester, PriceSCAN Co-CEO and Chief Economist, noted, “The decline we’re seeing in 720p plasmas may partly reflect an increasing preference for higher resolution 1080p sets and/or LCD technology. However, this kind of acceleration, especially ahead of the holidays, is more suggestive of a broader slowdown in consumer spending. The market for high-end home electronics is looking increasingly as one would expect it would if we were entering a recession.”
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.
