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Stock impact report

Costly carol: '12 Days of Christmas' gifting sees an overall increase in 2024 [FOX News]

PNC Financial Services Group, Inc. (The) (PNC) 
Last pnc financial services group, inc. (the) earnings: 4/15 06:41 am Check Earnings Report
Company Research Source: FOX News
The traditional English carol "The Twelve Days of Christmas" has long been a favorite during the holiday season, standing the test of time through the centuries and inspiring amusing parodies like Bob Rivers' "Twelve Pains of Christmas." But the song – which counts up from Christmas to Epiphany on Jan. 6 – has also become the peg for a whimsical way to gauge year-over-year inflation. Pennsylvania-based PNC Bank and other financial institutions have tracked the costs of each set of gifts from "Twelve Drummers Drumming" to a "Partridge in a Pear Tree" to see exactly how much it might cost a man to deliver each to his true love. PNC's Christmas Price Index indicated the overall cost of the song's gifts increased 5.4% since 2023, totaling just under $50,000. Meanwhile, the Texas-based business company Swyft Filings noted in 2023 that costs would also vary depending on each state. Taxes, regulations and other factors would be the most likely variables. The company found California, Show less Read more
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