 | '12 Days of Christmas' Items' Costs Rise 10.8 Percent to Nearly $100,000Scotty Starnes | November 30, 2010 at 2:30 PM | Tags: 12 Days of Christmas, Christmas, Christmas Price Index, higher prices, inflation | Categories: Uncategorized | URL: http://wp.me/pvnFC-3Ez |
Don't worry, the Obama economic team and The Federal Reserve told us that inflation is not happening. Just ignore the fact that everything is more expensive than it was a year ago.
FromTheBlaze.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.
Also, gold prices are high — which pushed the cost of five gold rings up 30 percent to $649.95 — as was the cost of hiring entertainers. Not to mention the birds.
"There's no doubt that our feathered friends in general make up a good portion of the increase," Dunigan said. The price of feed and availability led to a 78.6 percent increase in the price of two turtle doves, to $100, and a whopping 233 percent increase in the cost of three french hens, to $150.
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