Just thought this was a fun little article about inflation…and what the cost of purchasing those items in the song “The 12 Days of Christmas”.
Taken from finance.yahoo.com
PITTSBURGH (AP) — In the unlikely event that your Christmas list this year includes every item mentioned in “The Twelve Days of Christmas,” be prepared to pay nearly $100,000.
Trying to buy the 364 items repeated in all the song’s verses — from 12 drummers drumming to a partridge in a pear tree — would cost $96,824, an increase of 10.8 percent over last year, according to the annual Christmas Price Index compiled by PNC Wealth Management.
So you might want to try for one of everything. That would cost only $23,439, or 9.2 percent more than last year.
The 27th annual holiday index has historically mirrored the national Consumer Price Index, but not this year. The PNC Christmas Price Index grew 9.2 percent from last year, compared with just a 1.1 percent increase in the much broader Consumer Price Index.
Jim Dunigan, managing executive of investment for PNC Wealth Management, said that’s because the whimsical holiday price index looks at a much smaller group of goods and services. Even within the index itself, there are some goods that have seen small increases and others that have seen larger ones, he said.
To read the entire article, click HERE.