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Wednesday, December 03, 2008

12 Days of Christmas Costs $86,609

Every year PNC Wealth Management compiles a "Christmas Price Index," which rings up the total costs from the first day of Christmas's partridge in a pear tree to the 12 drummers drumming, purchased repeatedly as the song suggests. Last year, the total was was $78,100. This year the total jumped 10.9 percent to $86,609, an increase of $8,508. Interestingly, the five gold rings is down to $350 from $395 last year and many of the birds are cheaper (french hens, turtle doves, geese a-laying). This seems like just good holiday fodder, but these prices are a telling barometer of our current economic conditions. For example, gasoline increases have driven up shipping costs resulting in the pear tree price increase of $5. The aforementioned bird drops reflect the decrease in food prices. While the increase in the price of "swans a swimming" reflect in the pricing increase of luxury items. Click here to read the full article, including how to purchase these items on the cheap (Riverdance DVD instead of "lords a-leaping".

Here's a breakdown of the costs and their comparison to last year:

Partridge, $20 (last year: $15)
Pear Tree, $200 (last year: $150)
Two Turtle Doves, $55 (last year: $40)
Three French Hens, $30 (last year: $45)
Four Calling Birds (canaries), $600 (last year: same)
Five Gold Rings, $350 (last year: $395)
Six Geese a-Laying, $240 (last year: $360)
Seven Swans a-Swimming, $5,600 (last year: $4,200)
Eight Maids a-Milking, $52 (last year: $47)
Nine Ladies Dancing (per performance), $4,759 (last year: same)
10 Lords a-Leaping (per performance), $4,414 (last year: $4,285)
11 Pipers Piping (per performance), $2,285 (last year: $2,213)
12 Drummers Drumming (per performance), $2,475 (last year: $2,398)

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