Annual Christmas Price Index Foreshadows Higher Costs This Season

(StatePoint) “True Loves” will spend more this holiday season if they buy all of the gifts from the classic carol, “The 12 Days of Christmas.”

PNC’s 39th annual Christmas Price Index, a light-hearted take on the Bureau of Labor Statistics’ Consumer Price Index, measures the average change in prices consumers should expect to pay for the gifts outlined in the well-known holiday song. This year, the price of those gifts is up 10.5%, the third highest year-over-year increase in the index’s history.

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