facebook
twitter
rss
account
search
search
 

'Christmas Price' increases $1,168

Nov. 26, 2012 at 3:10 PM   |   Comments

PITTSBURGH, Nov. 26 (UPI) -- PNC Wealth Management of Pittsburgh said increased bird feed costs were behind the 4.8 percent surge in the 2012 PNC Christmas Price Index.

The index, which each year compiles the cost of the gifts in the classic song "The Twelve Days of Christmas," recorded a $1,168 increase in the cost of Christmas to $25,431.18, a spike PNC attributed to drought conditions boosting the feed costs for large birds.

"The rise of the PNC CPI is larger than expected considering the modest economic growth we've had over the past 12 months," said Jim Dunigan, managing executive of investments for PNC Wealth Management. "Despite some weak spots in the economy, consumer balance sheets are improving along with consumer confidence, which means this may still be a spirited holiday season."

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Most Popular
1
Stripper mom of missing child tells cops: 'I have to get on stage'
2
Florida mayor demands police remove man who refused to stand for Pledge of Allegiance
3
Florida woman's search for fido lands her in jail
4
Cash-strapped Chinese man gets caught in money machine
5
Gamers 'prank' each other by calling in real life SWAT team, webcam captures fallout
Trending News
Video
x
Feedback