12 Days of Christmas Cost Index

PITTSBURGH, Dec. 8, 2003 – While stiff import competition is driving deeper discounts on merchandise sold in the United States, skilled labor cost is on the rise, resulting in a 16 percent increase in this year’s PNC Advisors Christmas Price Index – the biggest jump the Index has seen in its 19-year history. Each year since 1984, PNC Advisors has provided a tongue-in-cheek economic analysis, based on the cost of the goods and services purchased by the True Love in the holiday classic, “The Twelve Days of Christmas.” Indeed, the cost of the five gold rings dropped by 5.6 percent, and the pear tree is down a full 28.6 percent from last year. However, these discounts were offset by the dancers, pipers and drummers who have seen significant increases in the cost of their services over 2002. If you want to read more, click here.