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Christmas Trivia, Fun and Games
The three months at the end of the calendar year represent most retailers’ best hope for a successful year. Many do as much business then as in the preceding nine months. And that business revolves around the celebration of the birth of a Child more than two thousand years ago. So, in the spirit of the season, let’s take a brief look at interesting tidbits, back stories and other oddities that have developed during those years.
Trivia, Fun & Games:
Time to return to musical trivia – and learn a lesson in economics.
A take or two on “The Twelve Days of Christmas”
Nearly everyone has heard The Twelve Days of Christmas, the English carol that dates
back to the fifteenth century. Many can sing most, if not all of its verses. It
has become so popular over the years that it has become the source for parody and
economic forecasting. Take, for example, economic forecasting.
MSN Money, among many other media organizations, annually reports on the true cost of the gifts mentioned in the carol, as derived by PNC Advisors: “To buy the partridge in a pear tree, the 12 drummers drumming and all the gifts in between in the verses of the famous song you'd have to shell out $18,348, according to PNC Advisors' annual survey. And if you were really true to the song, buying all the gifts including the repetitions? Those 364 items would cost a cool $72,608, up 9.5% from last year's $66,344.
|One Partridge in a Pear Tree||$32.52||$93.00||$104.99||12.90%|
|Two Turtle Doves||47.71||40.00||40.00||0.00%|
|Three French Hens||14.78||45.00||45.00||0.00%|
|Four Calling Birds||280.00||396.00||399.96||1.00%|
|Five Gold Rings||275.00||255.00||325.00||27.50%|
|Nine Ladies Dancing||1,511.50||4,400.13||4,576.14||4.00%|
|11 Pipers Piping||770.56||2,053.20||2,053.20||0.00%|
|12 Drummers Drumming||834.78||2,224.30||2,224.30||0.00%|
|Total Christmas Price Index||12,623.10||17,296.91||18,348.87||6.10%|
|True cost of Christmas in song||$62,427.10||$66,334.46||$72,608.02||9.50%|
|"Core" index, excluding swans||$13,796.91||$14,148.87||2.60%|
- Source: PNC Advisors
Last year's headlines had an impact on the index. Avian flu? Those swans and geese
are going to cost you more because of a spike in the price of large birds. And the
French hens? You couldn’t import them from France last year -- though there are
domestic suppliers. Meanwhile, energy prices are driving up some delivery costs.”
We’ll provide you with an updated 12 Days of Christmas Price Index as soon as it becomes available.