November 29, 2010

Price Of Twelve Days Of Christmas Gifts Jumps 9.2 Percent

The items listed in the classic "Twelve Days of Christmas" song will cost 9.2 percent more this year, compared to last.

PNC Wealth Management released its traditional tally of the gifts on Monday, which states that the 2010 price of the items is $23,439.

"This year's jump in the PNC CPI can be attributed to rising gold commodity prices, represented by the Five Gold Rings, which went up by 30 percent, in addition to higher costs for wages and benefits impacting some entertainers," PNC executive James Dunigan said in a statement.

This is the second highest price increase and largest percentage increase since 2003 when the index rose 16 percent.

Only the pear tree, four calling birds, six geese-a-laying and the eight maids-a-milking held the same price as last year.

The 11 pipers piping and 12 drummers drumming saw slight increases compared to last year.  The pipers would cost $2,356 and the drummers $2,552. 

Lords-a-leaping jumped 8 percent to $4,766, but the Nine Ladies Dancing saw a boost of 15 percent.

Two turtle doves jumped 78.6 percent, totaling $100, while the Three French Hens surged 233 percent to $150.  The Partridge in a Pear Tree only saw a 1.3 percent rise to $161.

The cost of purchasing all the Twelve Days of Christmas items online is higher than traditional brick-and-mortar stores, with a total of $34,336. 

"In general, Internet prices are higher than their non-Internet counterparts because of shipping costs for birds and the convenience factor of shopping online," Dunigan said.
Every year, educators throughout the U.S. use the Christmas Price Index to teach economic trends to middle and high school students.  This year's site includes interactive activities, annual results and PNC CPI trends in a Flash presentation, MP3 download, games and more.


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