PriceSCAN Press Release
3/11/09
2% Decline for 50 inch LCD TV – 1080p Index This Week
PriceSCAN Vice President of Financial Products Daniel Fehder commented that our LCD – 1080p – 52 Inch TV Index decreased 2% last week and 7.8% since the beginning of the new year
Jeff Trester, PriceSCAN Co-CEO and Chief Economist, noted, “The recent acceleration in the decline of large LCD television prices overlaps with a marked drops in consumer confidence, employment and the stock market. In the face of severe economic deterioration, households are shying away from large discretionary purchases, and this will quite likely depress high-end home electronics sales and prices.”
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.
