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"12 Days of Christmas' gifts will set you back $107,000

"12 Days of Christmas' gifts will set you back $107,000

November 26th, 2012 in News

PITTSBURGH (AP) - Add seven swans, six geese and five golden rings to the list of Christmas gifts that cost more than they did a year ago.

And if you get all 364 items repeated throughout "The Twelve Days of Christmas" carol, you'll pay 6.1 percent more this year, according to the annual Christmas Price Index compiled by PNC Wealth Management.

That comes to $107,300.

"The rise is larger than expected considering the modest economic growth we've had," said Jim Dunigan, managing executive of investments for PNC. He noted the government's Consumer Price Index has risen just 2 percent in the 12 months before September.