PITTSBURGH (AP) – The slow recovery of the U.S. economy is continuing to keep the cost of Christmas from spiraling out of control.
Pittsburgh-based PNC Financial Services Group has tracked the cost of the gifts mentioned in the “Twelve Days of Christmas” for the last 33 years as a way to keep a whimsical eye on inflation.
The cost of two turtle doves jumped from $290 to $375 this year, but nine of the other 12 gifts listed in the carol stayed the same price or became cheaper. Eleven pipers piping and 12 drummers drumming were also slightly more expensive this year.
PNC says the cost of this year’s gifts increased $233 to $34,363, up 0.7 percent from last year.