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2006 Costs of the Twelve Days of Christmas "Those Leaping Lords Don’t Come Cheap " | |
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| Time: 11:37 EST/16:37 GMT | News Source: *Linked Within Post* | Posted By: Robert Stein | ||
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Higher wages pushed up the cost of perhaps the holiday’s most elaborate and fanciful gift package — from a partridge in a pear tree to 12 lords a-leapin’ — as listed in the classic carol “The 12 Days of Christmas.” Each year, PNC Wealth Management, based in Pittsburgh, tabulates how much it costs to acquire the gifts listed in the song, using a Christmas Price Index that typically mirrors the federal inflation-tracking Consumer Price Index. This year — no surprise — the song’s gift list is more expensive than ever, mostly because the leaping lords, piping pipers, drumming drummers and dancing ladies ran up the bill. It was the first time in nine years that the rise in labor costs outstripped inflation, said Jeffrey N. Kleintop, PNC’s chief investment strategist, who oversees the index. | ||
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