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12 Days of Christmas to Cost More
PNC Wealth Management has again published a whimsical accounting of the cost of all the items in the classic song "The 12 Days of Christmas." The price tag of its so-called Christmas Price Index is $25,431.18 this year, which is $1,168 more than last year—a 4.8 percent increase. The total cost of all the song's items is $107,300.24
This year, said the PNC release, the Christmas Index outpaced the government’s Consumer Price Index, which has been at 2.2 percent for the past 12 months through September. The core index, removing food and energy prices, was 2.0 percent.
PNC blamed the rise on several factors, including the high cost of swans, which were up 11.1 percent; and partridges, up 11.8 percent. The rise in gold prices in 2011 affected the 2012 cost of the five gold rings, which were up 16.3 percent.
Stabilizing the price, however, were the maids-a-milking. Noted the release: "As the only unskilled laborers in the PNC Christmas Price Index, the price for the eight Maids-a-Milking is represented by the minimum wage. With the minimum wage flat at $7.25 per hour, hiring the maids this year will not increase labor costs."