Deflation: the 10 items that are falling in price quickest
The spectre of deflation loomed this week after figures showed that prices of many goods slumped last month as recession tightened its grip. Economists say that this is worrying, but it does at least mean cheaper shopping in the run up to Christmas. Here Times Money lists the ten categories of goods which have seen the biggest recent tumbles in price at online retailers
1 Speakers: down 57%
Logitech MM50 portable iPod Speakers, down 70%
September 2007: £119. September 2008: £35.99
2 Mobile phones: down 53%
LG Viewty KU990 mobile handset, down 54%
September 2007: £350. September 2008: £159.99
3 Camcorders: down 43%
Panasonic VDRD100b DVD camcorder, down 46%
September 2007: £285. September 2008: £153.85
4 Digital cameras: down 40%
Canon Digital Ixus 960IS 12.1MP digital camera, down 31%
September 2007: £360 September 2008: £248.88
5 Flat-screen TVs: down 33%
Philips 42PFL5522D 42in HD-ready LCD TV, down 33%
September 2007: £750 September 2008: £499
6 Microwaves: down 28%
Sharp R959SLM combination microwave, down 30%
September 2007: £223 September 2008: £153.99
7 Games consoles: down 25%
Microsoft Xbox 360 Elite Console, down 27%
September 2007: £300 September 2008: £219.95
8 Washing machines: down 22%
Bosch WAE28363GB 1400 spin washer, down 30%.
September 2007: £450 September 2008: £317
9 MP3 players: down 21%
Apple iPod nano 8GB, down 13%
September 2007: £125 September 2008: £109
10 Fridges: down 10%
Electrolux ENN28600 built-in integrated frost-free fridge, down 12%
September 2007: £552 September 2008: £490
Source: Kelkoo.co.uk
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I echo Lee, these are not groups, and they naturally deflate in price roughly this much yearly - most electrical goods do.
Posted by: David | 19 Nov 2008 16:52:47
This is a load of rubbish - not at all what I'd expect from The Times.
The article claims to give "the ten categories of goods" and then goes on to list 10 *products* that are all either home electronics, or domestic appliances.
Not only that but "Price of camera X falls over 12 month period" is hardly news, or a sign of deflation.
Electrical goods like games consoles, cameras, TVs, MP3 players naturally decline in price over their shelf life as the manufacturer creates newer, higher-spec products to replace them.
Posted by: Lee Willis | 19 Nov 2008 15:49:40