Here are the nitty gritty details for your shopping list!
A partridge and a pear tree will put a larger hole in your pocketbook this year, according to PNC Financial Services Group Inc.'s annual "Twelve Days of Christmas" survey.
According to the 22nd annual survey, the cost of the items from the well-known song is $18,920 in 2006, a 3.1 percent increase over last year. The change in gift prices mirrored the U.S. consumer price index.
Pear trees had the largest percentage price increase, up 44 percent from last year, from $89.99 to $129.99.
"The Christmas Price Index reflects trends in the broader economy," says Jeff Kleintop, chief investment strategist for PNC Wealth Management. "After years of stagnation, wages for skilled workers, including the song's dancers and musicians, have increased as the labor market has tightened."
The nine ladies dancing earned $4,759, 4 percent more, according to Philadanco, the Philadelphia Dance Co. The lords a-leaping got a 3 percent pay raise, while the drummers drumming and pipers piping earned 3.4 percent more. The seven swans a-swimming cost $4,200.
The partridge remained the cheapest purchase, at $15, according to Pittsburgh-based PNC (NYSE:PNC).
Austin Business Journal – November 27, 2006
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