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November 27, 2021

'12 Days of Xmas' gifts would set you back $107K in 2012: report

Christmas is measured by any number of variables, many of which chart the evolution of the holiday’s economics.

From a cost standpoint, any shopper can tell you the price of Christmas shopping keeps going up; this year, according to a Deloitte poll, Canadians will spend even more this holiday season than they did last.

Of course, there are other metrics we can use, too.

Each year, PNC Wealth Management charts its Christmas Price Index, which gauges just how much each of the items in the “12 Days of Christmas” song would cost should you actually buy them.

You know the song, the “12 Days of Christmas,” written and published way back in 1780 in England.

*Bing: Great gifts under $100

Wanna take a guess how much each of the items would cost today, in real-world terms?

According to PNC Wealth Management, to purchase each of the lavish, extravagant gifts in the “12 Days of Christmas” would set you back more than a hundred grand -- $107,300.24, to be exact, by the Christmas Price Index.

That’s a 6.1 per cent spike from last year.

Most notably, of course, may be the five gold rings, er, fiiiiiiiive … gol-den … rings, featured in the song. Due to rising gold prices, those rings have jumped in cost by 16.3 per cent from last year, according to PNC Wealth Management.

Other items leaping in cost are 11 pipers and 12 drummers, who charge about 5.5 per cent more this year than last to pipe and drum.

Due to unchanged prices listed by one prominent American ballet company, ladies dancing cost about the same as last year.



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Gordon PowersGordon Powers

A long-time fund company executive, Gordon Powers now heads up the Affinity Group, a financial services consulting firm. Gordon was a personal finance columnist for the Globe & Mail for many years, has taught retirement planning...

Jason BucklandJason Buckland

The modern-day MC Hammer of money, Jason can often be seen spending cash that isn’t his with the efficiency of a Wilt Chamberlain first date. After cutting his teeth as a reporter for the Toronto Sun, he joined the MSN Money team with...