November 19, 1997 in Nation/World

Leaping Lords Boost Christmas Gift Tab

Associated Press
 

Anyone planning to purchase all 364 flamboyant gifts described in the popular yultide song “The Twelve Days of Christmas” will have to shell out a little more this year.

The damage: $55,086.26, according to the Asset Management Group at PNC Bank Corp.

The cost is up 1.12 percent this season - a slightly smaller increase than the government’s Consumer Price Index, which rose about 2 percent.

The biggest increase - lords-a-leaping jumped $127.30 to $3,309.87 - is related to a new contract signed by dancers at the Pennsylvania Ballet. Pear trees made the largest percentage jump, 140 percent to $30 from $12.50, because the nursery used in the survey picked a different type of tree this year.

The increase in the nation’s minimum hourly wage to $5.15 showed up in the cost of maids, who now command $41.20. All other prices remained the same.

The pricing started as an in-house exercise in the early 1980s. PNC Bank Corp., based in Pittsburgh, started publishing the list in 1984.

© Copyright 1997 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.


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