TVs are among the few consumer items to fall in price in the last year, amid broader inflation. Here’s what to watch on Black Friday and Cyber Monday.
By August 2021, that supply and demand imbalance had pushed up average TV prices by 13% in a year and by 3% just that month, according to the consumer price index.
Retailers are slashing prices to clear the excess inventory, he added. And households that bought TVs earlier in the pandemic may not see a big need to buy again, reducing potential demand.Retailers have long used TV deals to draw in shoppers on Black Friday — the Friday after Thanksgiving and the traditional start to the holiday shopping season. Consumers often wait to purchase big-ticket technology items until then, Kowalski said.
That said, there are plenty of other sets selling for more than $1,000, depending on the brand and model, she added.
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