p2pnet.net News:- It’s that time of year again and that means it’s also time for the PNC Banks’s 12 Days of Christmas tot-up, an annual event since 1984.

Partridges are holding steady, pears are up, but gold rings, turtle doves and calling birds are down, says the bank.

“The Christmas Price Index has consistently reflected changes in the economy and continues to do so in the 20th anniversary version,” says the ‘12 Days’ site, going on:

“The 2.4 percent year-over-year increase in the index closely mirrors that of the government’s Consumer Price Index – a widely used measure of U.S. inflation. Not only is the high cost of fuel reflected in the cost to deliver a pear tree, but this year’s index also underscores the trend to outsource labor. Skilled labor mentioned in the song, such as wages for the dancing ladies have increased 5.5 percent annualized over 20 years versus the maids-a-milking, which have only seen a 2.2 percent annualized pay raise.

“In the broader economy, the outsourcing of less skilled labor is helping to keep those wages low.”

PNC Advisors 12 Days of Christmas Price Index.

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See:-
12 Days of Christmas – PNC Bank, December, 2004

This entry was posted on Sunday, December 5th, 2004 at 7:17 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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