PriceSCAN Press Release
11/4/09
Six Percent Drop in 40-49 Inch Plasma Index Last Week
PriceSCAN Vice President of Financial Products, Daniel Fehder commented that the 40-49 Inch Plasma Index dropped six percent this week. The drop was caused by broad discounting after a period of general price stability when the index fell only 1.5% cumulatively from August to October 15.
Jeff Trester, PriceSCAN Co-CEO and Chief Economist, noted, “This drop in plasma prices more or less mirrors the pre-holiday shopping price action we’ve seen in key components of the home video space, including LCD sets and Blu-ray players. Taken together, this softness speaks to the weakness of retail electronics consumer demand, an effect that may be exacerbated by the end of the high-def transition period as well as anticipation of new 3D technologies in 2010 which could render current offerings obsolete.”
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.
