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Miscellaneous

: Doherty & Progar

Cost of "Twelve Days of Christmas" Up 3.1% in 2007

By Michael Progar

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Due to higher gold prices and increased compensation for minimum wage workers, the cost of the gifts described in the holiday classic "Twelve Days of Christmas" is up 3.1% for 2007, according to PNC Wealth Management's 23rd annual survey. The total cost for all 364 items will be $78,100, an increase of about 4% over last year.

The estimated price of five gold rings is $395, an increase of 21.5% over the 2006 price. However, that is still far below the all-time high of $750 back in 1989.

In addition, an increase in the minimum wage this year raised the eight Maids-a-Milking's wages by 13.6%, bringing their total cost per hour to $46.80. Scheduled increases in the minimum wage over the next two years will mean that a True Love will have to reach deeper into his pockets in the future, as well.

Although prices for turtle doves and partridges remained steady, the cost of six Geese-a-Laying is up 20%. Due to higher demand and increased shipping prices, Calling Birds (canaries) are also up 25% this year.

Full post as published by Doherty & Progar on November 28, 2007 (boomark / email).