The Other CPI: What the Christmas Price Index is Telling U.S. Consumers
U.S. consumers can get a glimpse of what to expect in price changes this holiday shopping season - especially if you get your gift ideas from an old song.
The PNC Christmas Price Index, released by PNC Wealth Management (NYSE: PNC) measures the total cost of presents listed in the classic tune, "The Twelve Days of Christmas." This year, the price tag for an ambitious gift-giver buying all 364 presents hit $101,119.84, a 4.4% gain over last year's index.
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