PNC explains it as follows:
The list is similar to the U.S. Consumer Price Index, which measures the changing prices of goods and services like housing, food, clothing, transportation and more that reflect the spending habits of the average American.
The goods and services in the PNC Christmas Price Index® are far more whimsical, of course. But most years, the price changes still closely mirror those in the U.S. Consumer Price Index.
The list is a fun way to measure consumer spending and trends in the economy. So, even if Pipers Piping or Geese-a-Laying didn’t make your gift list this year, you can still learn a lot by checking out why their prices have increased or decreased over the years.
Here now is the cost of each item on the list this year and whether that item has gone up or down in price or stayed the same:
A Partridge in a Pear Tree $420.18 (+13.5%)
Two Turtle Doves $750.00 (0.0%)
Three French Hens $346.50 (0.0%)
Four Calling Birds $599.96 (0.0%)
Five Gold Rings $1,649.90 (+32.5%)
Six Geese-A-Laying $930.00 (+3.3%)
Seven Swans-A-Swimming $13,125.00 (0.0%)
Eight Maids-A-Milking $58.00 (0.0%)
Nine Ladies Dancing $8,856.88 (+3.5%)
Ten Lords-A-Leaping $16,836.14 (+8.1%)
Eleven Pipers Piping $3,797.48 (+2.2%)
Twelve Drummers Drumming $4,106.08 (+2.2%)
TOTAL COST:
$51,476.12
(+4.5%)
Since the PNC CPI launched, the BLS CPI has increased 223%, while the PNC CPI increased 157%. According to PNC, "the methodology differences are obviously going to give distinct results, but the overall inflation trends have remained remarkably consistent over the years."
H/T: PNC
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