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A Gaggle Of Gifts Causes ’12 Days Of Christmas’ Prices To Rise, According To PNC | PNC

PITTSBURGH, Nov. 15, 2018 /PRNewswire/ — The PNC Christmas Price® Index predicts True Loves will need to have more money on hand to fill the stockings on the mantle this holiday shopping season. To purchase the gifts included in the classic holiday song “The 12 Days of Christmas,” it will cost 1.2 percent more than it did in 2017, according to the 35th annual holiday economic analysis by The PNC Financial Services Group.

PNC calculated the 2018 price tag for The PNC Christmas Price Index at $39,094.93, approximately $450 or 1.2 percent more than last year’s cost, but less than the government’s Consumer Price Index, which increased 2.5 percent through October in year-over-year measurement before seasonal adjustment.

“While we have witnessed more market volatility this year, consumer confidence remains strong and wage growth is beginning to catch up with high employment,” said Amanda Agati, co-chief investment strategist for The PNC Financial Services Group. “The PNC Christmas Price Index reflects these trends, as we see strong growth in key areas.”

The cost of each item was revealed this morning on PNC’s interactive website (pnc.com/ChristmasPriceIndex), which teaches consumers about the index and features a historical comparison of index data.

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A Gaggle Of Gifts Causes ’12 Days Of Christmas’ Prices To Rise, According To PNC – Nov 15, 2018.

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