Good news. The annual Christmas Price Index, trademarked and put out by PNC Wealth Management, is up just 1% over last year, the smallest increase in ten years, and much smaller than last year’s 8% increase.
Now this particular CPI (as opposed to the more formal and recognized Consumer Price Index) measures the cost of one set of the gifts in “The Twelve Days of Christmas” carol. But over the years it has been in existence, it’s been quite accurate and in line with the other CPI.
Now the bad news, geese. Six geese-a-laying, why that’s up 71% from last year. The overall cost for the gifts in the song’s 12 verses still comes to over $116,000 in 2014.
ABC’s Scott Goldberg joined us from New York Wednesday morning.
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