PNC Christmas Price Index

For 38 years, PNC has calculated the prices of the 12 gifts from the classic holiday song, "The Twelve Days of Christmas." The PNC Christmas Price Index® is a whimsical holiday tradition, which this year includes adjustments for the pandemic’s impact on the cost of purchasing the presents in the renowned carol.

2021 GIFT PRICES ABOUT THE INDEX ACTIVITIES & CRAFTS FOR MEDIA


TOTAL CHRISTMAS PRICE INDEX (CPI)

$41,205.58
(5.7%)

Comparing 2019 data is a better gauge of the impacts of inflation, before the pandemic’s effects took hold of the global economy. We are trying to normalize the comparison by excluding a-once-in-a-century pandemic that had an outsized impact on last year’s data.

On the First Day of Christmas, My True Love Gave to Me...

A PARTRIDGE IN A PEAR TREE

$222.68
(+6.0%)

The price of the Partridge and Pear Tree has grown this year, entirely due to rising cost of this tree.

TWO TURTLE DOVES

$450.00
(+50.0%)

These two birds were among the most changed gifts in the index this year, reflecting volatility in the markets overall so far in 2021.

THREE FRENCH HENS

$255.00
(+40.5%)

The price of Three French Hens is also on the rise – by more than 40% – in 2021. It's a trend among the birds that some may say is and for the birds.

FOUR CALLING BIRDS

$599.96
(0.0%)

Ever the example of consistency, these Four Calling Birds ring in at $599.96 again this year. It's no change from the 2019 index, but still a steep price to pay.

FIVE GOLD RINGS

$895.00
(+8.5%)

If true love wants gold rings on their fingers, it's going to cost you $895 to make it happen. It's a reflection of gold commodity and retail price increases.

SIX GEESE-A-LAYING

$660.00
(+57.1%)

The volatile birds trend for 2021 continues with Six Geese-a-Laying. They jumped in price by more than 57% this year the highest increase of any gift in the index.

SEVEN SWANS-A-SWIMMING

$13,125.00
(0.0%)

Routinely the most expensive gift in the Christmas Price Index, the Seven Swans-a-Swimming command a hefty $13,125. That's a lot, but it's the same as they cost in 2019.

EIGHT MAIDS-A-MILKING

$58.00
(0.0%)

There has been no change to the Federal Minimum Wage and therefore no change to the price for Eight Maids-a-Milking. They'll still cost $58 in 2021.

NINE LADIES DANCING

$7,552.84
(0.0%)

The Nine Ladies Dancing were out of the 2020 Christmas Price Index due to pandemic limits on live performances. Although they're back this year, their price hasn't changed from 2019 — reflecting consistency in the price for some performing arts.

TEN LORDS-A-LEAPING

$11,260.00
(+12.6%)

The Lords are leaping for joy, rising almost 13% in 2021 from 2019, in part due to increased wages. The leaping Lords are glad to be stepping their way back into the Christmas Price Index.

ELEVEN PIPERS PIPING

$2,943.93
(+7.1%)

The Eleven Pipers used their 2020 year away from the index to raise prices by more than 7%. The return of live music performance may well be worth it to your true love.

TWELVE DRUMMERS DRUMMING

$3,183.17
(+7.1%)

Setting the beat for their return to the Christmas Price Index in 2021, the Twelve Drummers Drumming raised their price this year by more than 7%.

"CORE" INDEX (EXCLUDING SWANS)

$28,080.58
(+8.6% )

This version of the CPI removes the most unpredictable gift from the index - the Swans-a-Swimming.

ABOUT THE INDEX

The PNC Christmas Price Index Through the Years

2021
$41,205.58
(+5.7%)
2019
$38,993.59
(+0.2%)
2018
$38,926.03
(+1.0%)
2017
$38,648.49
(+0.7%)
2016
$38,373.16
(+0.6%)
2015
$38,140.66
(+0.8%)
2014*
$37,826.12
(+1.0%)
2013
$37,469.74
(+6.6%)
2012
$35,160.79
(+5.3%)
2011
$33,380.29
(+4.6%)
2010
$31,916.99
(+8.8%)
2009
$29,329.29
(+0.3%)
2008
$29,248.81
(+11.0%)
2007
$26,342.01
(+2.6%)
2006
$25,664.51
(+2.6%)
2005
$25,004.59
(+7.1%)
2004
$23,340.54
(+2.1%)
2003
$22,862.72
(+18.4%)
2002
$19,311.31
(-10.7%)
2001
$21,616.45
(+3.0%)
2000
$20,989.28
(+1.7%)
1999
$20,629.13
(+4.0%)
1998
$19,828.86
(+5.1%)
1997
$18,870.23
(+1.3%)
1996
$18,629.46
(+4.0%)
1995
$17,915.25
(-26.3%)
1994
$24,316.41
(+0.8%)
1993
$24,132.91
(+1.0%)
1992
$23,890.17
(+0.8%)
1991
$23,701.86
(+1.4%)
1990
$23,366.09
(+4.0%)
1989
$22,462.87
(+4.9%)
1988
$21,419.24
(-0.4%)
1987
$21,505.36
(+5.5%)
1986
$20,392.29
(+0.7%)
1985
$20,248.90
(+0.9%)
1984
$20,069.58
(+1.5%)

*Revised: 2014 traditional price adjusted to better reflect open-market pricing.

The PNC Christmas Price Index — Interactive Chart

ALL GIFTS

 

THE 2021 CHRISTMAS PRICE INDEX Activity Book

The PNC Christmas Price Index Activity Book

Enjoy all 12 gifts in a flurry of fun activities

Learning is fun, especially when combined with the twelve days of Christmas. Enjoy these fun activities that include counting, tracing, matching and more

Download the Activity Book


Since 2004, PNC Grow Up Great® has been helping children from birth through age five develop a passion for learning that lasts a lifetime. Learn More.

CHRISTMAS PRICE INDEX D.I.Y. Crafts

The PNC Christmas Price Index D.I.Y. Craft

Create Your Own Gift

It may be difficult to buy your true love all 12 gifts from the Christmas Price Index, but you could certainly make them! Our do it yourself craft tutorials provide a fun way to create that special gift for your loved ones this holiday season

D.I.Y. Craft Projects »