How much your true love would have to spend on the "12 Days of Christmas"
Ever wonder what it would cost to buy all the items in the song “12 Days of Christmas”? Every year PNC Financial Services Group does the “Christmas Price Index”- calculating how much it would cost to buy all the items, and comparing the price tag to previous years. This year, they have determined it will only cost 0.6 percent more than in 2016.. PNC calculated the 2017 price tag for The PNC Christmas Price Index at $34,558.65, approximately $200 more than last year's cost.
The cost of each item was revealed this morning on PNC's interactive website (pnc.com/ChristmasPriceIndex), which teaches consumers about the index and features a historical comparison of index data. Of the 12 items measured by the index, nine remained the same price as last year. This year's insights include:
- A Partridge in a Pear Tree: The overall price for this top-of-list item increased 4.7 percent, but not because of the Partridge. The pear tree increased 5.2 percent, from $189.99 to $199.95 due to increased cost of living for workers and the limited supply of larger, more mature trees.
- Gold Rings: The largest growth rate in this year's index was the cost of Five Gold Rings, which jumped 10 percent due to increased demand and popularity. Prices had remained steady at $750 during the last five years.
- Lords-a-Leaping: Despite wages rising modestly and a tight job market, only the Lords-a-Leaping saw an increase, as prices jumped two percent to $5,618.90 after two years of stagnant growth.
For those True Loves who prefer the convenience of shopping online, the PNC Christmas Price Index also calculates the cost of "The Twelve Days of Christmas" gifts purchased on the Internet. As Internet prices tend to be higher due to travel and shipping costs, True Loves will have to splurge $45,096 ($10,538 more than in store purchases) for the convenience of online shopping this year.
Check out the website to find out more!