Good morning, readers.
Pittsburgh-based PNC Financial Services Group Inc. (NYSE: PNC) has released its annual holiday take on the Bureau of Labor Statistics’ consumer price index, measuring the cost of buying the gifts from the “The 12 Days of Christmas.” The cost of buying all 364 gifts in the song this year is $45,523, up from $41,205 in 2021.
Driving much of the increase is the cost of some birds in the index. While the partridge, calling birds and swans saw no flight in price, the cost…