THE TWELVE
DAYS OF CHRISTMAS.

On the Twelfth Day of Christmas,
My true love sent to me
Twelve drummers drumming,
Eleven pipers piping,
Ten lords a-leaping,
Nine ladies dancing,
Eight maids a-milking,
Seven swans a-swimming,
Six geese a-laying,
Five golden rings,
Four calling birds,
Three French hens,
Two turtle-doves,
And a partridge in a pear tree!

It all started 24 years ago as a way to engage clients and has since grown into one of PNC’s most popular and anticipated economic reports: The PNC Christmas Price Index.

PNC calculates the CPI each year as a fun, lighthearted way to look at the increasing cost of goods and services bought by the “True Love” in the holiday classic, “The Twelve Days of Christmas.”