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Prices plummet see where to find the best deals

by Terri Gruca / KVUE News

Bio | Email | Follow: @TerriG_KVUE


Posted on October 22, 2009 at 3:42 PM

Updated Thursday, Oct 22 at 3:44 PM

Good news for your holiday wish list-prices on electronics and even toys are expected to be near record lows this season.

It is one of the upsides of our down economy.

An article in the Wall Street Journal paints a pretty picture if a flat screen TV is on your list. "The average price of a flat-panel TV dropped to a record low of $630 by the end of August, down from more than $900 a year earlier," according to research firm NPD Group.

Other consumer-electronics products also have hit record low prices. Camcorders fell to an average price of $275, down from more than $360 a year earlier, NPD said.

The price breaks are said to be the result of slow consumer sales.

"The price declines we're seeing this year are steeper than normal in many more different categories," said Steve Koenig, an analyst at the Consumer Electronics Association, which calculated that consumer-electronics prices fell 7.7% overall in the first half of the year compared with a 1.9% price increase a year earlier, the Wall Street Journal found.

However, Koenig says prices have fallen so much you shouldn't expect them to fall much further.

On this is happening on the heels of an announcement by Wal-Mart to offer weekly deep savings on a variety of products starting today through the holiday season. That includes the 100 toys the retailer will sell for just $10.

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