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The PNC Christmas Price Index increased by a lavish 8.1 percent over last year, the second biggest leap in the history of the whimsical economic analysis by PNC Wealth Management based on the cost of gifts in the holiday classic, “The Twelve Days of Christmas.” the cost of the PNC CPI is $21,080 in 2008, $1,573 more than last year. seven swans a-swimming proved to be a driver of this year’s index, carrying the greatest weight with a whopping 33.3 percent increase due to their scarcity True Loves will pay less for the five gold rings this year. Retail prices dropped by 11.4 percent Two other costs in the CPI dropped this year: three French hens and Six geese-a-laying eight maids a-milking received a raise for the second straight year, due to another increase in the federal minimum wage the drummers drumming, pipers piping and Llrds-a-leaping—jumped a modest 3 percent True Loves will pay more than ever before—$86,609—for all 364 items, up from $78,100 in 2007 10.9 percent increase |
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