23rd Annual PNC Christmas Price Index Up 3.1 Percent; Rising Wages for Milkmaids, Higher Commodity Prices Lead Increases

Called “One of the Best Sites for Writers” by Writer’s Digest Magazine, Mom Writer’s Literary Magazine is releasing its sixth quarterly issue December 18th. In a world where most magazines fold within a year, Founder and President Paula Schmitt has found a ‘sticky’ product women readers crave: a publication which answers the timely question of ‘How do you do it all?’

Featuring best-selling mom authors such as Jodi Picoult and Dr. Christiane Northrup along with creative nonfiction essays and product giveaways, this winter issue promises to electrify moms’ muses right into 2007.
The significantly higher price of gold and increased compensation for minimum wage workers will make Christmas more expensive this year, according to the PNC Christmas Price Index. The tongue-in-cheek economic analysis by PNC Wealth Management is based on the cost of gifts in the holiday classic, ‘The Twelve Days of Christmas.’

The True Love’s “Shopping List”

According to the 23rd annual survey, the cost of ‘The Twelve Days of Christmas’ is $19,507 in 2007, a 3.1 percent increase over last year. The rise in gift prices mirrored the U.S. government’s Consumer Price Index – a widely used measure of inflation calculated by the Bureau of Labor Statistics. The Consumer Price Index is up 3.5 percent so far this year.

Each year, the PNC Christmas Price Index provides a look at the events and news that helped shape the economy during the year. Since 1984, educators across the country have used the Christmas Price Index to teach economic trends to students of all ages. With that in mind, this year’s Christmas Price Index Web site has been updated to include more interactive activities such as a live chat with chief investment officer Jim Dunigan, enhanced games, annual results and trends, a Flash presentation and much more. Educators who visit the site will also find a complete sample lesson plan on related material from The Stock Market GameTM (SMG) program, America’s premier educational stock-market simulation.

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