Credit: Parksy1964/Flickr
Credit: Parksy1964/Flickr
Updated: Monday, 30 Nov 2009, 10:07 AM CST
Published : Monday, 30 Nov 2009, 7:55 AM CST
By Jim Thompson
Forget the traditional economic indicators that track holiday shopping. The true cost of Christmas has already been measured for 2009 via the classic carol "The 12 Days of Christmas."
If you ever tried to figure what it would cost to purchase all the items mentioned in the song, wonder no more because the PNC Christmas Price Index did if for you. And it increased by a modest 1.8 percent this year.
This means if you're a devoted romantic, slightly crazy or exceedingly wealthy -- it will cost you $87,403 to assemble everything from the partridge to the drummers. If you were only to buy one of each item, it would cost you $21,465.56.
The biggest gainers in the index were the french hens (up 50 percent), gold rings (up 43 percent) and dancing ladies (up 15 percent). For bargain shoppers, see the six geese (down 37 percent), partridge/pear tree (down 27 percent) and seven swans (down 6.3 percent).
"We saw a moderation in the PNC CPI ... due to the dramatic drop in energy, fuel and shipping costs," said James Dunigan, managing executive of investments for PNC Wealth Management. "The reverse was true last year, which showed a major spike in transportation costs."
Breaking Down The 12 Days of Christmas
1 partridge, pear tree -- down 27 percent
2 turtle doves -- up 1.8 percent
3 french hens -- up 50 percent
4 calling birds -- unchanged
5 gold rings -- up 43 percent
6 geese -- down 37 percent
7 swans -- down 6.3 percent
8 milking maids -- up 10.7 percent
9 dancing ladies -- up 15 percent
10 leaping lords -- unchanged
11 pipers -- unchanged
12 drummers -- unchanged