The price of lords-a-leaping and ladies dancing has spiked this holiday season, but other items mentioned in the carol “The Twelve Days of Christmas” still cost the same as they did last year.
Buying one set of the gifts mentioned in each verse costs $27,393 in stores, or 7.7 percent more than last year, according to the so-called Christmas Price Index that PNC Wealth Management updates annually. And if you buy all 364 items repeated throughout the carol, you’ll pay $114,651 — 6.9 percent more than last year.
Last-minute shoppers who turn to the Internet will pay even more for all the gifts — about $173,000.
“We were surprised to see such a large increase from a year ago, given the overall benign inflation rate in the U.S.,” said Jim Dunigan, managing executive of investments for PNC.
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article courtesy of npr.org