The PNC Christmas Price Index increased by a lavish 8.1 percent over last year, the second biggest leap in the history of the whimsical economic analysis by PNC Wealth Management based on the cost of gifts in the holiday classic, "The Twelve Days of Christmas."
According to the 24th annual survey, the cost of the PNC CPI is $21,080 in 2008, $1,573 more than last year. The PNC CPI exceeds the U.S. government's Consumer Price Index – the widely used measure of inflation calculated by the Bureau of Labor Statistics. The Consumer Price Index is up 3.7 percent this year. The core CPI has increased 2.2 percent since Oct. of 2007.
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