Christmas Inflation Index

December 20, 2022
gold rings

True love is really going to have to shell it out this year.

Amanda Agati, chief investment officer at PNC bank, which releases an annual “Christmas Price Index®” measuring inflation’s impact on items found in the popular Christmas carol, “The Twelve Days of Christmas.”

Why It Matters: Prices for this mixed bag of goods (A Partridge in a Pear Tree) and services (Eleven Pipers Piping) has increased more than 10% year-over-year – marking the third highest increase in the index's nearly 40-year history. The gifts listed in the 12 days of Christmas will cost you: $45,523.27. When the index started, these items cost just more than $20,000.

This index started as a message to the bank's clients but now serves as a way "to educate consumers while spreading some holiday joy and highlighting market changes over time." Almost every item saw a price increase. The most notable – gold rings (the price of this precious metal has increased this year).

What Does It Cost?

A Partridge in a Pear Tree: $280.18
Two Turtle Doves: $600
Three French Hens: $318.75
Four Calling Birds: $599.96
Five Gold Rings: $1,245.00
Six Geese-A-Laying: $720.00
Seven Swans-A-Swimming: $13,124.93
Eight Maids-A-Milking: $58.00
Nine Ladies Dancing: $8,308.12
Ten Lords-A-Leaping: $13,980.00
Eleven Pipers Piping: $3,021.40
Twelve Drummers Drumming: $3,266.93

P.S. The "12 Days of Christmas" actually occurs from Dec. 25 – January 6th.

Check out these great charts from PNC

In bad news for true loves, inflation is hitting the 12 Days of Christmas (NPR)

The PNC Press Release

by Jenna Lee,