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'Twelve Days of Christmas' price rises 7.7 percent

  |   Dec. 2, 2013 at 6:26 PM
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PITTSBURGH, Dec. 2 (UPI) -- PNC Wealth Management of Pittsburgh said its annual analysis using "The Twelve Days of Christmas" found the holiday's price went up 7.7 percent.

The company said its 30th annual PNC Christmas Price Index, which calculates the price of Christmas using the gifts outlined in the classic holiday song, found the price of Christmas rose $1,192 since last year to a total $27,393.17.

PNC said the price jump was the largest since 2010, which saw a 9.2 percent boost in the price of Christmas.

Jim Dunigan, managing executive for investments with PNC Wealth Management, said the tongue-in-cheek tradition may be a somewhat accurate economic indicator.

"While there are exceptions in given years, what's most interesting about the index's history is that since the beginning, year-over-year increases have averaged 2.9 percent, which is exactly the same number as the U.S. inflation index," he said.

The prices calculated by PNC for "The Twelve Days of Christmas" were:

One Partridge in a Pear Tree: $199.99

Two Turtle Doves: $125

Three French Hens: $165

Four Calling Birds: $599.96

Five Gold Rings: $750

Six Geese-a-Laying: $210

Seven Swans-a-Swimming: $7,000

Eight Maids-a-Milking: $58

Ten Lords-a-Leaping: $5,243.37

Eleven Pipers Piping: $2,635.20

Twelve Drummers Drumming: $2,854.80

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