Nov
26
The 12 Days Consumer Price Index
Filed Under Sunrise on KGMB9
PNC Wealth Management, which does an annual survey of the cost of your true love’s shopping list for “The Twelve Days of Christmas,” reports that the cost of the list this year tops $78,000 if you buy each item as often as it is mentioned.
If you buy each item once, on the assumption that the repeated references are to the same single purchase, then the cost is still almost $20,000. The single-item tally is up more than 3% from last year and the higher number is up 4%.
Figure half again more to order all this stuff online.
A major factor is the price of gold (remember the five golden rings?), driving this factor alone up 21.5% over the past year. But an increase in the minimum wage is cited in the 13.6% increase in the cost of “eight maids a-milking.”
Higher food costs pushed the six geese a-laying from $300 to $360. And reflecting higher gold prices, those five gold rings will cost $395, up 21.5 percent from last year’s $325.
Prices were flat for doves and swans, but geese prices rose 20%.
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