Thursday, December 8, 2022

The cost of the Twelve Days of Christmas...


... has gone up this year.

Even with its small basket of goods and services, the PNC Christmas Price Index is not immune to the rising costs in the broader U.S. economy, as measured by the Bureau of Labor Statistics’ Consumer Price Index.


(+ 10.5%)

. . .

Five Gold Rings



Sharply rising commodity prices in the early part of 2022 have made for an expensive line item on True Love’s shopping list. The price of gold rings grew by nearly 40 percent in 2022, the highest increase in this year’s index.

. . .

True Cost of Christmas in Song



This represents the total cost of all the gifts bestowed by True Love when you count each repetition of the song, totaling 364 presents. Spreading cheer throughout the year in 2022 costs 9.8% more than in 2021.

There's more at the link.

I hope this helps with your Christmas shopping!



Old NFO said...

Welp, y'all aren't getting any of that this year... :-)

SiGraybeard said...

As always, the gold didn't go up 39.1%, dollar became worth 39.1% less. Same with all of it.

Since no country has an actual gold standard (although there are rumblings it's going to happen), and there's an open market on gold, that percentage devaluation of the dollar varies from day to day.