News

Cost of ’12 Days of Christmas’ gifts leaps in 2013

Cost of ’12 Days of Christmas’ gifts leaps in 2013

SHOP TIL YOU DROP: Customers shop for Christmas ornaments at a Walmart store in the Porter Ranch section of Los Angeles Nov. 26. Photo: Reuters/Kevork Djansezian

(Reuters) – Buying a set of the gifts named in the classic holiday carol “The Twelve Days of Christmas” will cost a true love $27,393 this year, up 7.7 percent from the 2012 price tag, according to an annual tongue-in-cheek analysis released on Monday.

Prices for most of the items in the song, including the partridge, two turtle doves, three French hens and five gold rings, remained steady from last year.

But the cost for 10 lords-a-leaping jumped 10 percent to $5,243 and nine ladies dancing increased by 20 percent to $7,553, PNC Wealth Management’s Christmas Price Index showed.

The company said its sources for calculating the cost of the items include retailers, the National Aviary in Pittsburgh, the Philadelphia Dance Company and the Pennsylvania Ballet.

“We were surprised to see such a large increase from a year ago, given the overall benign inflation rate in the United States,” said Jim Dunigan, managing executive for investments of PNC Wealth Management. “But the dancers in the index took a huge leap this year to play catch up from paltry increases the previous few years.”

The U.S. government’s Consumer Price Index increased only 1 percent for the 12 months through September.

Year-over-year increases since the Christmas Price Index began in 1984 have averaged 2.9 percent, the same number as the U.S. inflation index.

The only bit of savings on the carol’s gift list this year comes from a 3.2 percent drop in price for the partridge’s pear tree, which costs $184, the company said.

The overall price increase is the largest since 2010, when the index rose 9.2 percent.

Cyber Monday savings may save Christmas days but not money, PNC Wealth Management said. Buying one set of the gifts online would cost almost $39,763, or $12,300 more than making the purchases in person.

True loves intent on a real splurge will pay $114,651 in stores for the 364-gift tally that amasses from the traditional singing repetition of all the carol’s verses, the analysis showed.

Recent Headlines

in Local

Official says debris matches airplane model of missing Malaysia Airliner

Local_News41-620x400

The photographs of the debris from the Indian Ocean are of a Boeing 777.

in Local

NY Assembly Speaker: education is “always top of the list”

Carl Heastie

Assembly Speaker Carl Heastie toured Cornell University and Northeast Elementary School during his visit in Ithaca.

in National

TSA vows to close security gaps at U.S. airports

tsa

The new leader of the Transportation Security Administration said his top priority would be to close security gaps after an internal report showed 96 percent of undercover tests failed.

in Local

Jets training camp begins, but not in Cortland

Former New York Jets Coach Rex Ryan with SUNY Cortland President Erik Bitterbaum at the Jets Summer Training Camp in July 2014

The New York Jets will not be holding their summer training camp at SUNY Cortland this year, or in the foreseeable future.

in Local

Man charged in Cayuga Lake boating accident

Crime 3

The boating accident happened when a boat driven by Daniel Balmer hit a navigation post in the lake.