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The 12 days of Christmas are more expensive this year
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cnbc.comInflation is increasing gift costs for a «true love» this Christmas season.
The Christmas Price Index is up 5.7% in 2021 relative to its pre-pandemic level in 2019, the largest increase in eight years, according to an annual calculation published by PNC, a financial services firm.
The index measures the cost of all items in a full verse of the Christmas song «12 Days of Christmas.» The price — of two turtle doves, five gold rings and 10 pipers piping, for example — grew to $41,206 this year, from $38,994 in 2019.
The index isn't meant to indicate a household's true cost for holiday gifts.
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