Christmas – St. Thomas Libraries Blog

Business & Economics, Libraries, News & Events, Uncategorized

It’s baaaack: The PNC Christmas Price Index!

CPI

Did you know? Each holiday season, your favorite UST business librarians anxiously await the release of one of our favorite traditions:the PNC “Christmas Price Index!”

The PNC CPI tracks how much it would cost to buy each of the 78 gifts in “The Twelve Days of Christmas.” PNC has been doing this every year since 1984, so they really know their stuff. For those of you who aren’t some of my amazing Finance students, this CPI is a play on the “Consumer Price Index,” which tracks the changes in price of goods and services like housing, clothing, food, and transportation that reflect American consumers’ spending habits.

PNC makes a fun website every year depicting their CPI and allowing us to discover the costs of each individual gift; this year we get to hop aboard the “Index Express” railway. As we travel through “Fluctuation Farm,” “Inflation Station,” “Index Falls,” and “Percentage Peak” to hear how the golden rings, partridges in pear trees, ladies dancing, and more are faring in the markets.

CPI Express

And the results? The 2011 CPI increased by 3.5% over last year – to (drummers drumming please):

$24,263.18

The largest increases were for the poultry this year: the Two Turtle Doves (25%) the Partridge in the Pear Tree (14.2%), the Swans-a-Swimming (12.5%), and Geese-a-Laying (8%). The Four Calling Birds were left out of this trend, with a 13.3% decrease. Four French Hens remained constant at $150, as did the price of Ladies Dancing ($6,294.03) and Lords-a-Leaping ($4766.70), although the dancers did get a large salary increase last year. And, as some of you who follow the markets might predict, the cost of everyone’s perennial favorite, Five Golden Rings, is at $645 – a decrease of 0.8% from last year.

cpigraphic

If you do a Summon search on the Twelve Days of Christmas, there are nearly 73,000 items – which is an increase of over 325% from last year! Included are thousands of books, videos, music, and more to help get you in a holiday spirit (and perhaps help you out of finals doldrums?) from some our favorite authors and artists. Check them out!

Happy Holidays!

December 8, 2011 by

Business & Economics, News & Events, O'Shaughnessy-Frey Library

Holiday CPI

Yes, you’ve all been waiting for it – the annual CPI. Consumer Price Index? Oh, no. It’s the Christmas Price Index®!

Compiled every year by the PNC Financial Services Group, this CPI tracks how much it would cost to buy each of the gifts in “The Twelve Days of Christmas” (did you know, there are 78 of them?)

Despite the down economy, the 2010 CPI increased a surprising 9.2% over last year. Big increases were seen in the Five Gold Rings (30%), as well as higher costs for wages and benefits for some of the entertainers. The Twelve Drummers and Eleven Pipers both went up 3.1%, Lords-a-Leaping increased 8%, and the dancing Ladies saw a 15% rise (note that none of these performers had a raise last year.) The Maids-a-Milking did not receive an increase, as the federal minimum wage stayed flat at $7.25 an hour.

What about the wildlife, you ask? Bird prices increased due to rising costs of feed and demand for certain fowl. The biggest increase was for the Three French Hens (up 233%) and the Turtle Doves (up 78.6%.)

Interestingly enough, if you do a Summon search on the Twelve Days of Christmas, there are over 22,000 items, including classic New England activities for the holidays, a newspaper article on cruise lines, an article from Mathematics Teacher, and an article from Australian Doctor. And there are 45 books, from such authors and illustrators as Anne Geddes, John O’Brien, Jack Kent, and one of my favorites, Jan Brett.

Happy Holidays!

December 7, 2010 by mdhageman