If you want to buy that special someone the gifts included in the holiday classic “The 12 Days of Christmas,” they will only cost 0.7 percent more than in 2015, according to the 33rd annual economic analysis by PNC.
The price tag for the 2016 PNC Christmas Price Index (CPI) is at $34,363.49, just $232.50 up from 2015. PNC also tabulates the “True Cost of Christmas,” the total cost of items with all of the song’s verses repeated. Purchasing all 364 gifts will require $156,507, up more than $1,000 from 2015 and more than $56,000 from 1984.
Mirroring the government’s Consumer Price Index, the slight rise in the Christmas Price Index reflects slow U.S. economic growth and wage inflation caused by an increase in some holiday entertainment options.
True Loves should shop early to catch this year’s bargains before a potential Federal Reserve rate increase, which would likely raise consumer borrowing costs. The convenience of online shopping also comes at a cost. Online shoppers will have to spend $44,602 for the gifts, $10,239 more than traditional shopping.
Of the 12 items, only four changed in price:
Learn more about the PNC Christmas Price Index »
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