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# U.S. Economy and the Federal Budget: Christmas Price Index, 2007-2008

## The true cost of Christmas in song is \$86,608.51

Every year since 1984, PNC Wealth Management has calculated the cost of the gifts in the classic holiday song The Twelve Days of Christmas."

2008 2007 % Change
One Partridge in a Pear Tree \$219.99 \$164.99 33.3%
Two Turtledoves 55.00 40.00 37.5
Three French Hens 30.00 45.00 -33.3
Four Calling Birds 599.96 599.96 0.0
Five Gold Rings 349.95 395.00 -11.4
Six Geese-a-Laying 240.00 360.00 -33.3
Seven Swans-a-Swimming 5,600.00 4,200.00 33.3
Eight Maids-a-Milking 52.40 46.80 12
Nine Ladies Dancing 4,759.19 4,759.19 0.0
Ten Lords-a-Leaping 4,413.61 4,285.06 3.00
Eleven Pipers Piping 2,284.80 2,213.40 3.20
Twelve Drummers Drumming 2,475.20 2,397.85 3.20

Total Christmas Price Index \$21,080.10 \$19,507.25 8.1%
True cost of Christmas in song1 \$86,608.51 \$78,100.10 10.9%
1. Total cost of items if one repeated all earlier verses on each successive day: that is, 12 (1 x 12) partridges in pear trees, 22 (2 x 11) calling birds, 30 (3 x 10) French hens, and so on.
PNC Wealth Management, /node/80738