So much for saving up for that big turtle dove sale at the local big box store. Unless you are a one-percenter, you may be priced out of the fabled “12 Days of Christmas” because the cost of living is always a thing.
As always, the company delivering the bad news is Pittsburgh-based PNC Wealth Management, which has embraced its role as the provider of America’s annual financial blues.
“The headline, I think, is that inflation in this economy, with the sort of tepid recovery we’ve seen, is almost nonexistent,” said Jim Dunigan, chief investment officer of PNC’s asset management group.
The government’s Consumer Price Index has pegged inflation at about 0.2 percent, Dunigan said.
According to PNC’s calculations, day labor has remained flat, investments have barely risen, dendrologists and pear farmers aren’t getting much of a profit, and dancing seems to have lost its lusters. Lastly, if you’re a polygamist, checking out Amazon.com for five golden rings, you may want to pay attention to this. You know, bargains and all:
- Partridge, $25; last year: $20
- Pear tree, $190; last year: $188
- Two turtle doves, $290; last year: $260
- Three French hens, $182; last year: same
- Four calling birds (canaries), $600; last year: same
- Five gold rings, $750; last year: same
- Six geese-a-laying, $360; last year: same
- Seven swans a-swimming, $13,125; last year: same
- Eight maids a-milking, $58; last year: same
- Nine ladies dancing (per performance), $7,553; last year: same
- 10 lords a-leaping (per performance), $5,508; last year: $5,348
- 11 pipers piping (per performance), $2,635; last year: same
- 12 drummers drumming (per performance), $2,855; last year: same