Every year at trivia we have questions about the Christmas Price Index.
The festive season has never been a cheap affair but this year anyone seeking to earn the title “True Love” by showering their partner with gifts based on The 12 Days of Christmas, will have to stump up a whopping $21,080 (£14,071).
Every year since 1984, American investment group PNC Wealth Management has compiled a Christmas Price Index (CPI – geddit?) by pricing all the items in the song from the partridge right up to 12 drummers drumming.
While mainly just a bit of harmless fun, PNC also believes the index does have something to say about the wider American economy.
This year, PNC estimates the index has leapt 8.1% to $21,080, its second highest ever increase. That compares with the US government’s Consumer Price Index (CPI) which has risen 3.7% this year.
But the bulk of the dramatic rise in the Christmas version is due to the cost of the seven swans-a-swimming which have risen by 33.33% to $5,600. The scarcity of swans has always made them one of the most volatile elements of the index.