Still higher than the CPI YoY increase of 0.2%
The cost of buying all the gifts from "The 12-days of Christmas" rose by 0.6% in the current year according to 32nd annual PNC Christmas Price Index. This compares to the CPI YoY increase of 0.2%.
How did the individual pieces perform?
- One Partridge in a pear tree $214.99 or + 3.5%.
- Two turtle doves = $290 +11.5%
- Three French hens = $181.50 +0.0%
- Four calling birds = $599.96 +0.0%
- Five golden rings = $750.00 +0.0%
- Six Geese a laying = $360.00 +0.0%
- Seven swans a singing = $13, 125.00 +0.0%
- Eight maids a milking - $58.00 +0.0%
- Nine ladies dancing $7,552.84 +0.0%
- Ten Lords a leaping= $5,508.70 +3.0%
- Eleven Pipers Piping = $2,635.20 +0.0%
- Twelve Drummers drumming = $2,854.80 +0.0%
The total cost for the 12 gifts? $34,130.99.
The core index (ex-swans) comes to $21,005.99 a gain of 1.0%
You might wonder with gold down on the year, why are the golden rings are unchanged on the year? Apparently, the demand for gold wedding bands has increased this year, keeping the price of the golden rings supported.
The eight maids a milking stayed unchanged at $58 as the federal minimum wage remained unchanged. The last time the poor maid's wages increased was 2009.
The swans were the most expensive item on the list at $13,125. They are not cheap.
Nine ladies dancing were also unchanged at $7,552.84. The reason? The Dallas Cowboys are having a horrible year depressing the demand for their flagship cheerleaders.
