zakur
19th December 2003, 10:26 AM
Link (http://www.pncbank.com/12days/) 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.”
[...]
As part of its annual tradition, PNC Advisors also tabulates the “true cost of Christmas,” which is the total cost of all of the items in the famous carol, including all of the repetitions. The price tag for the 364 items this holiday season is $65,264, up from 2002’s true cost of $54,951. This increase of nearly 19 percent shatters the previous record increase of 8.4 percent that was achieved in 1987.
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.”
[...]
As part of its annual tradition, PNC Advisors also tabulates the “true cost of Christmas,” which is the total cost of all of the items in the famous carol, including all of the repetitions. The price tag for the 364 items this holiday season is $65,264, up from 2002’s true cost of $54,951. This increase of nearly 19 percent shatters the previous record increase of 8.4 percent that was achieved in 1987.