CPI: Christmas Price Index

Even with indications that consumer price growth is falling quickly, we know that at least one CPI is rising fast – the Christmas Price Index!

In the US it appears that the price of the bundle of “Christmas goods” has risen by 8.1% over the past year.  My suspicion is that the New Zealand index would have risen even faster as our exchange rate has dropped like a stone in the past year.

Just to be clear, this index is made up of:

1. twelve drummers drumming,
2. eleven pipers piping,
3. ten lords a-leaping,
4. nine ladies dancing,
5. eight maids a-milking,
6. seven swans a-swimming,
7. six geese a-laying,
8. five golden rings,
9. four calling birds,
10. three French hens,
11. two turtle doves,
12. and a partridge in a pear tree.