Cost For "Twelve Days of Christmas" Items Hits Record High

Friday, November 25th, 2022 -- 9:33 AM

The cost for the dozen items outlined in the "Twelve Days of Christmas" song hit a record high this year of $45,523.27. That's a 10.5% leap from last year, according to financial services firm PNC, which released its 39th annual Christmas Price Index on Thursday.

The festive CPI, which measures the average change in prices for the 12 gifts in the classic Christmas carol, is running even hotter than the more traditional Consumer Price Index, which measured 7.7% in October. Still, both indexes share some similar themes: the effects of elevated energy and commodity prices, supply chain challenges, and a tight labor market boosting services inflation.

The "True Cost of Christmas" for the total items repeated in all of the song's verses — 364 in all — would be $197,071.09. That's a 9.8% increase from 2021, according to PNC.

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