True Loves will pay a record amount for the holiday gifts

  • True Loves will spend a record amount on the gifts from “The 12 Days of Christmas”
  • The total price tag for all the gifts is up 2.7% to $46,729.86
  • The price increase is due to rising wages for skilled labor
  • The cost of some gifts, like lords-a-leaping and drummers drumming, has increased significantly
  • The cost of other gifts, like maids-a-milking, has remained the same
  • Housing costs have also contributed to the price increase

True Loves will pay a record amount to buy all the gifts mentioned in "The 12 Days of Christmas" this season. The total price tag for all the gifts is up 2.7% to $46,729.86. The price increase is primarily due to rising wages for skilled labor, with performers seeing a 3.3% increase in wages. Some gifts, like lords-a-leaping and drummers drumming, have seen significant price increases, while others, like maids-a-milking, have remained the same. Housing costs have also contributed to the overall price increase. Despite the increase, this year’s price increase is lower than last year’s 10.5% gain.

Public Companies: PNC Financial Services Group (PNC)
Private Companies:
Key People: Amanda Agati (Chief Investment Officer of PNC’s Asset Management Group)

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Factuality Level: 8
Justification: The article provides information about the rising cost of buying all the gifts mentioned in ‘The 12 Days of Christmas’ and explains the reasons behind the price increase. It cites PNC Financial Services Group’s Christmas Price Index and includes quotes from Amanda Agati, the chief investment officer of PNC’s Asset Management Group. The information provided is specific and based on calculations and data. However, there is no indication of any bias or personal perspective presented as universally accepted truth.

Noise Level: 3
Justification: The article provides information on the rising cost of gifts mentioned in ‘The 12 Days of Christmas’ and explains the factors contributing to the price increase. It includes data on the price index and wage increases for performers. However, it lacks in-depth analysis, scientific rigor, and actionable insights. The article stays on topic and supports its claims with examples.

Financial Relevance: No
Financial Markets Impacted: No

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The news article does not pertain to financial topics and does not describe any extreme events.

Reported publicly: www.marketwatch.com