PNC’s Christmas Price Index up 5.4%, doubles 2023 hike

PITTSBURGH — Pittsburgh’s biggest bank wants you to know that if there’s a partridge in your pear tree, you’ll be paying more than last year. For those singing and buying along, the bird and botany duo was among the gifts where the cost went up.

PNC on Thursday released its 41st annual Christmas Price Index, which figures the cost of the gifts in the Christmas carol, “The 12 Days of Christmas,” providing a snapshot on the impact of inflation and a dose of reality for online shoppers. The price for the 12 gifts that comprise the PNC CPI came to $49,263, up 5.4%.

Put another way, the PNC CPI doubled 2023′s 2.7% increase and outpaced the Bureau of Labor Statistics’ CPI of 2.6% year-over-year.

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