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Manufacturing and PNC's Christmas Price Index
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Find out how much the 364 gifts given during the 12 days of Christmas would cost today.

Each year at about this time, PNC releases its own CPI. In this case, that's the "PNC Christmas Price Index", tallying up the current cost of all 364 gifts, counting repetitions, named in "The Twelve Days of Christmas."

How does the list line up with the Bureau of Labor Statistics (BLS) Producer Price Index (PPI) and Consumer Price Index (CPI) this year? And what could the numbers mean for manufacturers?

Food processors get good news, with the poultry PPI down 22 percent. Jewelry manufacturers have been challenged, though, because the PPI for precious metals has more than doubled in the twelve months ending September 2011.

Turning to PNC's novel CPI, last year's prices for live birds soared, while this year, eggs and birds destined for the table, if in line with the overall BLS-identified trend for food prices, will cost 4.7 percent more. And because of the spike in raw material costs, manufacturing gold rings will take a bite out of the budget.

On the labor front, the average weekly payroll for performing arts and leisure employees--including dancers and pipers--has risen 2.8 percent according to BLS data. Milkmaids, now classed as skilled workers, are in short supply.

For this year's full, interactive Christmas Price Index, visit the PNC CPI website. Whether for yourself or with the kids (and some grown-ups) in your life, take a few minutes to enjoy this annual tradition from PNC.

 



The article you read was prepared for general information purposes by McMurry. These articles are for general information purposes only and are not intended to provide legal, tax, accounting or financial advice. PNC urges its customers to do independent research and to consult with financial and legal professionals before making any financial decisions.These articles may provide reference to Internet sites as a convenience to our readers. While PNC endeavors to provide resources that are reputable and safe, we cannot be held responsible for the information, products, or services obtained on such sites and will not be liable for any damages arising from your access to such sites. The content, accuracy, opinions expressed, and links provided by these resources are not investigated, verified, monitored or endorsed by PNC.