For 40 years, PNC has calculated the prices of the 12 gifts from the classic holiday song, “The Twelve Days of Christmas.” This year, increases in the 40th annual Christmas Price Index® (PNC CPI) are primarily driven by labor costs, mirroring the U.S. economy.
CPI
The PNC CPI is a light-hearted take on the Bureau of Labor Statistics’ CPI, which measures the change in prices consumers could expect to pay for True Love’s gifts, outlined in the classic holiday carol, “The Twelve Days of Christmas.” It’s calculated using a method similar to the government’s consumer price index (CPI). The PNC CPI edged up 2.7%, noticeably lower than last year’s hefty 10.5% increase and slightly less than the CPI topline, which is at 3.2% year over year.
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