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:
- twelve drummers drumming,
- eleven pipers piping,
- ten lords a-leaping,
- nine ladies dancing,
- eight maids a-milking,
- seven swans a-swimming,
- six geese a-laying,
- five golden rings,
- four calling birds,
- three French hens,
- two turtle doves,
- and a partridge in a pear tree.
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Christmas Party Online » Blog Archive » CPI: Christmas Price Index | TVHE says:
December 23, 2008 at 2:24 am (UTC 12 )
[...] unknown wrote an interesting post today onCPI: Christmas Price Index | TVHEHere’s a quick excerptIn 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 … [...]