Monday, November 28, 2011
Inflation hits cost of Twelve Days of Xmas items
For the first time the cost of all the items mentioned in the traditional Twelve Days of Christmas carol is over 100,000 dollars U.S. However some items declined slightly including the five gold rings. On the other hand the cost of turtle doves, pear trees, and partridges has increased considerably.
Some items have stable prices including maids-a-milking, ladies dancing, and lords leaping. No doubt this is due to the high unemployment numbers. There is a reserve army of milk maids, leaping lords, and dancing ladies.
The annual total is a Xmas gift to the public from PNC Wealth Management. This year the exact total given is 101,119 dollars U.S. The U.S. price index rose by 3.9 per cent during the same period while the increase in the items saw an increase of 4.4 per cent. The percentage increase in the total is much smaller than last year. For more see this article.