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The cost of Christmas
December 10, 2010 - Bill Speer
I receive lots of interesting e-mail in the course of a day. Daily a former reporter by the name of Jeff Crilley sends me interesting short facts and tidbits - some of which can lead to news stories, some of which can't.
Recently he sent me the following information I thought you would also enjoy reading. The report and statistics originally were reported by television station KDKA out of Pittsburgh, Pa.
"True loves hoping to buy their mates partridges in pear trees for Christmas may want to reconsider.
"The PNC Wealth Management's annual whimsical analysis of the prices for gifts in the classic '12 Days of Christmas' shows the second highest price jump ever for the song's gift items at over 9%.
"It's the largest price jump for the Christmas Price Index since 2003, when prices rose 16%.
"Rising gold prices as well as higher costs for wages and benefits in the entertainment industry attribute for much of the price jump.
"The price of Five Golden Rings jumped 30%, and the Nine Ladies Dancing received a 15% wage increase.
"The cost of birds also rose, with the price for Three French Hens jumping over 230% to $150.
"The generous true love who repeats all the song's verses and buys accordingly will have to shell out nearly $97,000."
This combination would have cost you $12,000 in 1984. Today, with inflation, the total would be nearly $100,000.
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