The Cost Of The 12 Days Of Christmas Items

Dated: 12/16/2017

Views: 459

We are rapidly approaching the big day once again. If you still haven't found the right thing for that someone special, how about considering this?

A partridge in a pear tree and all the other 11 gifts would set you back $34,558.65 this year.

That's slightly more expensive than last year, according to PNC's annual index of the 12 Days of Christmas.

For 34 years running, PNC has set out to calculate the costs of every item in the carol to create a Christmas Price Index. It's more frivolous, but not that different from the government's consumer price index that tracks the costs of everyday items. PNC's sources include retailers, poultries, and dance companies.

The CPI (from PNC) increased by 0.6% year-on-year, led by higher costs for pear trees and increased demand for gold rings. Indeed, the precious metal has had a good year like many other financial assets, gaining about 11%.

In addition, the index was driven up by higher wages for10 Lords-a-leaping. PNC recorded a 2%increase to $5,618.90 for this gig. Perhaps all the clamor for higher minimum wages and atightening labor markethelped.

Some workers, however, saw no compensation growth, much like the federal minimum wage, which has stayed unchanged since 2009.They included the eight maids-a-milking and nine ladies dancing.

PNC also calculates a core-CPI. They exclude unpredictable swan prices instead of food and energy costs like the Department of Labor does. The core index rose 0.9% and would cost about $21,000 excluding swans-a-swimming.

To see a chart showing the trends over the 34 years of compiling the data, go to (this is where the previous information was obtained).

http://www.businessinsider.com/12-days-of-christmas-song-cost-index-pnc-2017-11

Latest Blog Posts

LBI Real Estate Update Dated May 22 2020

There has been a considerable amount of real estate activity on Long Beach Island.  The spring market is showing signs that homes are being listed and sold each day. Here is a link to a

Read More

Your Essential Spring Lawn Care Guide

Tired of looking out the window at your dull, dormant lawn? A little prep now will give you a green lawn all summer long.Rake First things first, gently rake leaves, twigs, and dead grass off

Read More

Five Long Beach Island Real Estate Listing Agent Interview Suggestions

Five Long Beach Island Real Estate Listing Agent Interview SuggestionsSelling Long Beach Island Real EstateSelling a home in the LBI real estate market is a significant financial transaction.

Read More

What To Know When Renting On LBI This Summer

Summer 2020 on LBI is almost here and we cannot wait! It's been a long winter and spring and I cannot wait to get my toes in the sand and smell that salt air! Here is a recap of the top rental

Read More