Cost of Christmas 2006
Each year the PNC Financial Services Group calculates the cost of Christmas based on current pricing of every item in the "12 Days of Christmas" song.
This year the value came in at about $18,920 which represents a 3.1% rise over 2005. Why?
“The Christmas Price Index reflects trends in the broader economy,” said Jeff Kleintop, chief investment strategist for PNC Wealth Management. “After years of stagnation, wages for skilled workers, including the song’s dancers and musicians, have increased as the labor market has tightened. Also, a decline in the housing market has dampened demand for luxury goods, such as gold rings."
Here is the list for 2006:
- One Partridge in a Pear Tree - $144.99 (+38.1%)
- Partridge - $15 (0%)
- Pear Tree - $129.99 (+44.4%)
- Two Turtle Doves - $40 (0%)
- Three French Hens - $45 (0%)
- Four Calling Birds - $479.96 (+20%)
- Five Gold Rings - $325 (0%)
- Six Geese-a-Laying - $300 (0%)
- Seven Swans-a-Swimming - $4,200 (0%)
- Eight Maids-a-Milking - $41.20 (0%)
- Nine Ladies Dancing - $4,759.19 (+4%)
- Ten Lords-a-Leaping - $4,160.25 (+3%)
- Eleven Pipers Piping - $2,124 (+3.4%)
- Twelve Drummers Drumming - $2,301 (+3.4%)
Total Christmas Price Index for 2006 - $18,920.59 (+3.1%)
All of a sudden, those $3,000 Playstation 3 deals on eBay are looking a little more attractive.










































