All items in '12 Days of Christmas' now top $107K


Share
Originally Posted Online: Nov. 26, 2012, 12:25 pm
Last Updated: Nov. 26, 2012, 11:04 pm
Comment on this story | Print this story | Email this story

PITTSBURGH (AP) — Add seven swans, six geese and five golden rings to the list of Christmas gifts that cost more than they did a year ago.

And if you get all 364 items repeated throughout 'The Twelve Days of Christmas' carol, you'll pay 6.1 percent more this year, according to the so-called Christmas Price Index that PNC Wealth Management updates annually.

That comes to $107,300.

'The rise is larger than expected considering the modest economic growth we've had,' said Jim Dunigan, managing executive of investments for PNC. He noted the government's Consumer Price Index has risen just 2 percent in the 12 months before September.

Thrifty shoppers may find some reasons for cheer. Six items mentioned in the song haven't gone up in price: maids-a-milking, ladies dancing, lords-a-leaping, calling birds, turtle doves and the partridge. The eight maids-a-milking still cost just $58 because the minimum wage hasn't risen.

Twelve drummers drumming ($2,775.50) and eleven pipers piping ($2,562) might also be considered relative bargains compared to seven swans, which will set you back $7,000. Nine ladies dancing will cost you $6,294.03.

Dunigan said the 2011 drought caused the prices of some birds to soar, partly because of corn and other feed costs.

'The geese were up 29.6 percent, and swans were up 11 percent,' Dunigan said, adding that none of the gifts in the song went down in price this year.

The price of a pear tree is $189.99, an 11.8 percent jump from last year's $169.99. Five gold rings jumped 16.3 percent this year, to $750, and three French hens are now $165, instead of $150.

The $15 partridge is the cheapest item, and swans the most expensive, at $1,000 each.

Last-minute shoppers who turn to the Internet will pay a bit more for the gifts. Buying one set of the core items in each verse costs $24,431 in traditional stores this year, but $40,440 online. Part of that difference is the extra expense of shipping live birds, Dunigan said, adding that Internet costs rose 1.5 percent compared to last year.

PNC Financial Services Group Inc. checks jewelry stores, dance companies, pet stores and other sources to compile the list. Some of its sources this year include the National Aviary in Pittsburgh and the Philadelphia-based Pennsylvania Ballet Company.

___

Online:

http://www.pncchristmaspriceindex.com














 




Local events heading








  Today is Wednesday, April 16, the 106th day of 2014. There are 259 days left in the year.
1864 -- 150 years ago: Yesterday some bold thief stole a full bolt of calico from a box in front of Wadsworth's store, where it was on exhibition.
1889 -- 125 years ago: A team belonging to Peter Priese got away from its driver and made a mad run across the Rock Island Bridge. The driver was thrown from his seat but not hurt.
1914 -- 100 years ago: Carlton Taylor was appointed district deputy grand master for the 14th
Masonic District of Illinois.
1939 -- 75 years ago: Moline's million dollar municipal airport was dedicated to air transportation and the national defense by Lt. Gov. John Stelle.
1964 -- 50 years ago: THE ARGUS will be election headquarters for Rock Island County tomorrow night, and the public is invited to watch the operation. The closing of the polls at 6 p.m. will mark the start of open house in the newsroom. Visitors will see staff members receiving, tabulating and posting returns.
1989 -- 25 years ago: Few bricks actually tumbled, but no one seemed to mind as about 1,000 people gathered to celebrate the formal start of demolition at the site of a downtown civic center.




(More History)