The Cost Of The 12 Days Of Christmas

Dated: 12/10/2016

Views: 1402

 

Here’s How Much the 12 Days of Christmas Will Cost This Year

Inflation may be headed higher the United States, but at least one price indicator is holding steady.

The 2016 PNC Christmas Price Index, which measures the cost of purchasing all the gifts mentioned in the “12 Days of Christmas” song, says that the holiday extravaganza would cost $34,363 this year, an increase of just 0.7 percent from last year. The Consumer Price Index has risen about twice as fast, at 1.7 percent over the past 12 months.

The gift with the biggest price hike was the cost of two turtledoves ($375), which spiked 29 percent due to a shortage of the birds. Rising wages also drove up prices, with the cost of 11 pipers piping ($2,708) and 12 drummers drumming ($2,934) rising 2.8 percent this year.

By Beth Braverman

December 1, 2016

The FiscalTimes


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