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Reflecting the steep decline in energy costs, lower inflation and slow-but-steady economic growth, the 2015 PNC Christmas Price Index experienced its lowest growth rate in six years at 0.6 percent in the annual economic analysis from PNC Wealth Management.
According to the 32nd annual report that measures the cost of the gifts in the holiday classic, “The Twelve Days of Christmas,” the total for the PNC CPI is $34,130.99 in 2015, only $198 more than last year’s cost and in line with the government’s Consumer Price Index, which has increased 0.2 percent over the past 12 months.
“While the economy continues to chug along on a sustainable path, low commodity prices are keeping consumer costs down,” said, Heather Flanagan, PNC Wealth Management director in Delaware. “With only a few items on our index increasing in cost this year, True Loves should be thrilled to spend less green this holiday season.”
The PNC CPI website www.pncchristmaspriceindex.com allows online and mobile visitors to experience the gingerbread branch through an “augmented reality” platform virtual tour.
