True Loves will be on their merry way to a more robust and satisfying holiday shopping season this year. To purchase the gifts included in the classic holiday song “The 12 Days of Christmas,” it will only cost 0.6 percent more than in 2016, according to the 34th annual holiday economic analysis by The PNC Financial Services Group. They calculate the total cost at $34,558.65, approximately $200 or 0.6% more than last year’s cost. That’s less than the cost of inflation (around 2%). This year’s insights include:
A Partridge in a Pear Tree: The overall price increased 4.7 %, but not because of the Partridge. The pear tree increased 5.2% due to increased cost of living for workers and the limited supply of larger, more mature trees.
Gold Rings: The largest growth rate in this year’s index was the cost of Five Gold Rings, which jumped 10% due to increased demand and popularity.
Lords-a-Leaping: Despite wages rising modestly and a tight job market, only the Lords-a-Leaping saw an increase, as prices jumped 2% to $5,618.90 after two years of stagnant growth.