1. How many years has PNC calculated the prices of the 12 gifts from the classic song “The Twelve Days of Christmas”? 37 years 2. What is the total Christmas Price Index (CPI) for 2021? 41,205.58 3. Is this CPI an increase or decrease from 2019? Why did they use 2019 instead of 2020? 5.7% They used 2019 to try to exclude the pandemic. 4. What is the total price and percent change from 2020 for each gift? a. A Partridge in a Pear Tree: 222.68 (+6.0%) b. Two Turtle Doves: 450.00 (+50.0%) c. Three French Hens: 255.00 (+40.5%) d. Four Calling Birds: 599.96 (0%) e. Five Golden Rings: 895.00 (+8.5%) f. Six Geese-A-Laying: 660.00 (+57.1%) g. Seven Swans-A-Swimming: 13,125.00 (0.0%) h. Eight Maids-A-Milking: 58.00 (0.0%) i. Nine Ladies Dancing: 7,552.84 (0.0%) j. Ten Lords-A-Leaping: 11,260.00 (+12.6%) k. Eleven Pipers Piping: 2,943.93 (+7.1%) l. Twelve Drummers Drumming: 3,183.17 (+7.1%) 5. How many gifts are actually given when all repetition of gifts are counted? 364 6.What is the total cost of all gifts by the “True Love” when you count all the gifts in the song? 179,454.19 7. How does the total in #6 compare to 2019 total? +5.4% 8. Click on the “The PNC Price Index Through the Years” link and select a gift to analyze. Insert a screen shot of the time plot of the costs of the gift since 1984 and then comment on the trends such as increases, decreases, minimum, maximum and no changes in cost time frame from 1984 to 2021 Max: 58.00 Min: 26.80 It only increases because they do not lower minimum wage 9. Click on the “History of the Index” to determine what four factors have largely driven changes in the index over the past 38 years. The Internet The price of services Fuel costs The year 2020 10. Click on the “View News Release for More Information” under the "Frequently Asked Questions" tab to add one more take-a-away comment you learned about the Annual PNC Christmas Price Index after reading the questions and the article. Since 1986, Rebekah McCahan of PNC Asset Management Group has handled our shopping duties, putting a price tag on French hens, maids-a-milking, gold rings and all the other items in the PNC CPI. She has evaluated some distinctive economic trends along the way.