Twelve Days of Christmas Gift Index Hits Record $46K, But Cools Off From 2021’s Rapid Inflation Spike
-
The "Twelve Days of Christmas" gift index hit a record high of $46,729.86 this year, up 2.7% from last year.
-
The increase represents cooler inflation than last year's 10.5% jump and the current overall inflation rate of 3.2%.
-
Prices rose for live performances like lords-a-leaping and drummers drumming due to services inflation and rising wages.
-
Turtle doves saw the biggest increase at 25% due to limited supply and rarity.
-
Next year's index could see more volatility depending on whether the U.S. enters a recession, impacting discretionary spending.