“True love is really going to have to shell it out this year.”
Amanda Agati, chief investment officer at PNC bank, which releases an annual "Christmas Price Index®" measuring inflation's impact on items found in the popular Christmas carol, "The Twelve Days of Christmas."
dec 20, 2022
Why It Matters: Prices for this mixed bag of goods (A Partridge in a Pear Tree) and services (Eleven Pipers Piping) has increased more than 10% year-over-year – marking the third highest increase in the index's nearly 40-year history. The gifts listed in the 12 days of Christmas will cost you: $45,523.27. When the index started, these items cost just more than $20,000.
This index started as a message to the bank's clients but now serves as a way "to educate consumers while spreading some holiday joy and highlighting market changes over time." Almost every item saw a price increase. The most notable – gold rings (the price of this precious metal has increased this year).
What Does It Cost?
A Partridge in a Pear Tree: $280.18
Two Turtle Doves: $600
Three French Hens: $318.75
Four Calling Birds: $599.96
Five Gold Rings: $1,245.00
Six Geese-A-Laying: $720.00
Seven Swans-A-Swimming: $13,124.93
Eight Maids-A-Milking: $58.00
Nine Ladies Dancing: $8,308.12
Ten Lords-A-Leaping: $13,980.00
Eleven Pipers Piping: $3,021.40
Twelve Drummers Drumming: $3,266.93
P.S. The "12 Days of Christmas" actually occurs from Dec. 25 - January 6th.
Check out these great charts from PNC
In bad news for true loves, inflation is hitting the 12 Days of Christmas (NPR)
