According to PNC, the cost of this year’s Total Christmas Price Index (CPI) “rose ever so slightly, driven by the cost increases for the Pear Tree, the increased demand for Golden Rings and wage increases for the Lords-a-Leaping.” The PNC Christmas Price Index shows the current cost for one set of each of the gifts given in the song “The Twelve Days of Christmas.” The index increased 0.6% with a total cost of $34,558.65.
This year’s insights (directly quoted from the press release) 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.