UPI en Español  |   UPI Asia  |   About UPI  |   My Account
Search:
Go

'Christmas Price' increases $1,168

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

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.

Order reprints
Join the conversation
Most Popular Collections
'Star Trek Into Darkness' screening NBC upfronts Met Ball 2013
'Great Gatsby' premieres in New York Spire raised on top of One WTC 2013: Celebrity break ups and divorces
Additional Odd News Stories
Your Daily Horoscope
The almanac
1 of 16
Flags-In Ceremony at Arlington National Cemetery
View Caption
Staff Sgt. Jeffrey Roskos with the 3rd U.S. Infantry Regiment, "The Old Guard," participates in the annual Flags-In ceremony, May 23, 2013, at Arlington National Cemetery in Arlington, Virginia. Soldiers place American flags in front of more than 260,000 gravestones in the cemetery in honor of Memorial Day. UPI/Kevin Dietsch
fark
Fracking for Natural Gas or German Beer -choose only one
Rubbing Alcohol sold as Scotch in New Jersey. That's the joke
Little girl's police officer father gets shot and killed in the line of duty, days before her kindergarten...
The mystery of the human body's most annoying sensation, itching, finally explained. And suddenly...
Is it possible to have a library with no books? Yup
The Skagit River Bridge, which is part of Interstate 5, has collapsed in Washington. People and...