The true cost of Christmas



Cut and paste job here from NBC news showing the true cost of all those goodies in the 12 days of Christmas Carol.

PNC Advisors finds the items in the "12 Days of Christmas" carol cost 3.5% more this year than last, or a whopping $15,748. They also show a few recession hints.

How much would it cost you to surprise your loved one with all the goods and services of "The 12 Days of Christmas" - from 12 drummers drumming to a partridge in a pear tree?
The whole package will set you back $15,748 this year, according to fund-management firm PNC Advisors. The 2001 figure is up 3.5 percent from last year's $15,210 - a faster rise than the overall inflation rate. Research experts at PNC Advisors have tracked the Christmas Price Index every year for the past 17 years. They say the index provides a good assessment of changing prices for goods and services across the economy.

"The Christmas Price Index supports the National Bureau of Economic Research's assessment that we are in a recession," says Jeffrey Kleintop, chief investment strategist at PNC Advisors. PNC's Kleintop on Power Lunch
He told CNBC's Power Lunch that while most prices didn't increase this year, the cost of gold rings shot up 50%. "During times of recession, people prefer to have hard assets with a global, intrinsic value," he explains.
Kleintop points out that the most expensive items back in 1780, when the song first emerged, would have been the products. Now, it's the services and specialized labor that hurt your wallet - such as the nine ladies dancing, 10 lords-a-leaping, 11 pipers piping and 12 drummers drumming.
When PNC first computed its index, goods prices accounted for 60% of the total price tag. Now, goods contribute 30% of the price, while services make up 70% -- another recession hint, Kleintop says. Some very sensitive prices
Turns out the 12-days list is sensitive to all manner of factors
economic and mundane. For instance, the reproductive rate for doves seems to have slid since last Christmas.
"The fertility of turtle doves was a little weaker this year, and prices rose [16%] as a result," Kleintop says.
Meanwhile, good weather jacked up the fruits and vegetables on the list.

"The conditions were good for pear trees, yielding taller crops and heartier trees that cost more," Kleintop says - 27.5% more. But the price of a partridge in that pear tree was $15, the same as last year.
Some advice on where to buy
If you're still determined to buy a loved one the goods and services mentioned in the famous Christmas carol, keep in mind that you would get a better bargain if you stayed away from the Internet and shopped through traditional outlets instead. PNC Advisors claims that using the Web will tack on $8,000 to your overall bill, mainly because of expensive shipping and travel services.
For example, it would cost you about $17,800 if you were to use the Internet to hire the maids, ladies, lords, pipers and drummers (for a total of 50 people). By comparison, your bill would be about $11,000 for similar services bought locally.
In case you're wondering about the repetitions - recall that the
partridge in a pear tree is repeated 12 times - the "true cost of
Christmas" is up to $62,935 this year from $60,307 in 2000.
As Kleintop muses, "an investment in the true cost of Christmas would have yielded a better return than the stock market over the past year."
PNC Advisors 2001 Christmas Price Index
2000 2001 Change 2000/2001
One partridge in a pear tree $113 $140 23.89%
Partridge 15 15 0.00%
Pear Tree 98 125 27.55%
Two Turtle Doves 50 58 16%
Three French Hens 15 15 0.00%
Four Calling Birds 280 316 12.86%
Five Golden Rings 250 375 50%
Six Geese-a-Laying 150 150 0.00%
Seven Swans-a-Swimming 3,500 3,500 0.00%
Eight Maids-a-Milking 41.20 41.20 0.00%
Nine Ladies Dancing 3,932.72 4,019.24 2.20%
10 Lords-a-Leaping 3,660.80 3,770.62 3.00%
11 Pipers Piping 1,544.40 1,614.60 4.55%
12 Drummers Drumming 1,673.10 1,749.15 4.55%
Total Christmas Price Index $15,210.22 $15,748.81 3.54%
True Cost of Christmas in song $60,307.18 $62,935.17 4.36%


New member
16 May 2001
Chatham, Kent
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Re:After careful consideration....

You simply have to get out more. MUCH MORE.

And as for those photos you sent me, I am still saddened, shocked, disappointed, distraught, worried, disheartened and deflated.

PS. They were hilarious.....


Dave S


Those piccies

Oh thanks Dave. You know what this lot's like, anything free and disgusting and they'll all want them.

Dave is referring to some "artistic photos" of body piercing that I forwarded to him yesterday. If anyone does want a copy of these disgusting photo's send me your e-mail adress either by PM or to my home e-mail. You'll find the addy in my personal profile, but I warn you beforehand.