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Price of items in the classic song 'The Twelve Days of Christmas' keep going up |
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Written by asap
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Tuesday, 28 November 2006 |
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You know those items mentioned in the song "Twelve Days of Christmas?"
They're going to cost you a little bit more this year.
Buying each item in the song just once — from a partridge in a pear tree to five golden rings — will cost you $18,920, according to PNC Financial Services Group. That is 3.1 percent more than last year.
FROM PNC
"After years of stagnation, wages for skilled workers, including the song's dancers and musicians, have increased as the labor market has tightened," said Jeff Kleintop, chief investment strategist for PNC Wealth Management. "Also, a decline in the housing market has dampened demand for luxury goods, such as gold rings."
HUH?
Each year, PNC bank does a tongue-in-cheek tally of how much the swans, geese and drummers would cost if you purchased them at today's prices. PNC has been calculating the cost of Christmas since 1984.
THE COSTS
While prices for the partridge, two turtle doves, three French hens, six geese and seven swans remained the same as last year, higher wages made the lords a-leaping, ladies dancing and pipers piping costlier.
The nine ladies dancing earned $4,759, 4 percent more, according to Philadanco, the Philadelphia Dance Co. The lords a-leaping got a 3-percent pay raise, while the drummers drumming and pipers piping earned 3.4 percent more. | Only registered users can write comments. Please login or register. |
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