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Inflation Watch 2013; Price Of Christmas Surges 7.7%

Tyler Durden's picture





 

Over the past 30 years, the rise in the price of Christmas according to PNC's annual 12-days-of-Christmas price index has matched the CPI at around 2.9% YoY. However, in recent years, the reality is considerably worse than the well-managed inflation data the government profers. The price of Christmas in 2013 is up a stunning 7.7% over 2012 - the biggest jump since 2010' 9.2% rise. The biggest driver of the increase were the dancing ladies (must be the minimum wage decree?) though 8 items saw modest increases also. Once again, it seems the government's benign inflation data is fictionalized by reality's rising price of everything.

 

 

Source: PNC

 


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Mon, 12/02/2013 - 13:12 | Link to Comment XAU XAG
XAU XAG's picture

No S#it Sherlock!..................said Dr Watson

 

 

Mon, 12/02/2013 - 13:17 | Link to Comment nope-1004
nope-1004's picture

Feds new way of calculating inflation is to only publish the number starting with the tenths column.  So, prices this Christmas are only up 0.7%.  Believe it, cuz they said it.  What you're expriencing isn't real..... what they publish is real.

lmao

 

Mon, 12/02/2013 - 13:23 | Link to Comment EscapeKey
EscapeKey's picture

Well, applying a 12-month filter is somewhat acceptable in my book. However, refusing to release said filter is not.

Regardless, don't worry about the 7.7% increase, as it's merely temporary, and Team Obama already have a cunning plan to fix this minor inconvenience. They will adjust the opaque 12-month filter to show prices have in fact fallen.

Mon, 12/02/2013 - 13:30 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

 

 

Their French Hens and Maids-A-Milking are bogus numbers.

Mon, 12/02/2013 - 13:43 | Link to Comment gmrpeabody
gmrpeabody's picture

Aren't higher prices against the law?

Mon, 12/02/2013 - 13:42 | Link to Comment gmrpeabody
gmrpeabody's picture

Table dances..., going up!

Mon, 12/02/2013 - 14:08 | Link to Comment Four chan
Four chan's picture

does 7.7% include the gas to go buy all that chinese crap? i didnt think so.

Mon, 12/02/2013 - 13:36 | Link to Comment Gringo Viejo
Gringo Viejo's picture

For anyone that buys their old lady diamond jewelry for Christmas, you don't have to look for inflation.
It's being shoved right up your ass.

Mon, 12/02/2013 - 13:44 | Link to Comment Herd Redirectio...
Herd Redirection Committee's picture

Diamonds are a racket.  Its worse than buying Bitcoins BTFATH.

Mon, 12/02/2013 - 14:58 | Link to Comment Agstacker
Agstacker's picture

If you like your Christmas prices, you can keep your Christmas prices.

Mon, 12/02/2013 - 14:30 | Link to Comment Freddie
Freddie's picture

How do you get 9 Ladies Dancing?  Are they pole dancers? At that price they must be a little older then most pole dancers.

Mon, 12/02/2013 - 13:13 | Link to Comment czarangelus
czarangelus's picture

The silver bells are cheaper than ever. :-/
WTF is going on already?

Mon, 12/02/2013 - 13:14 | Link to Comment RaceToTheBottom
RaceToTheBottom's picture

That's because they have no iPads.

Get with the program....

Mon, 12/02/2013 - 15:55 | Link to Comment akak
akak's picture

Boy, it's a good thing that chicken breasts are still only $0.99 per pound, the same price for over 30 years now.

Right Orly?

Mon, 12/02/2013 - 13:16 | Link to Comment maskone909
maskone909's picture

so are we in inflation or deflation?

Mon, 12/02/2013 - 13:22 | Link to Comment XAU XAG
XAU XAG's picture

@maskone909

 

We have both

Inflation in everything you need

 

and deflation in things you don't

 

Gov has both in the basket (and constantly change basket) to mask real CPI

Mon, 12/02/2013 - 13:27 | Link to Comment maskone909
maskone909's picture

my experiences reflect your observations.  very well put!

Mon, 12/02/2013 - 13:33 | Link to Comment therearetoomany...
therearetoomanyidiots's picture

How else do you increase sales of things no one wants?  Make em cheaper!

"Come See the Egress!  This way to the Egress"  -Sign seen at PT Barnum's Circus

Mon, 12/02/2013 - 17:06 | Link to Comment upWising
upWising's picture

THERE IS NO INFLATION!

everything costs more but that is totally unrelated to the Rate of Inflation.

What part of that can't you understand?

Mon, 12/02/2013 - 13:17 | Link to Comment I am Jobe
I am Jobe's picture

More TV sale needed 

More Towel Sale

More IPADS

More IPHONES

More Androids

More of all of the junk needed. Can China ship these via Drones to the USSA? Sheeples cannot wait for the ships to arrive in Oakland, CA port. 

Mon, 12/02/2013 - 13:21 | Link to Comment Dr. Engali
Dr. Engali's picture

The golden rings are going no place fast.

Mon, 12/02/2013 - 13:21 | Link to Comment Al Huxley
Al Huxley's picture

No, sorry,  there is no inflation, except in stocks.  We live in a magic kingdom now, where everything gets cheaper and the only reason the workforce participation rate is declining is because people no longer need to work.  That's why stocks are going up so much, because everything else is cheaper so all the excess money can go into the market in a never ending virtuous cycle of prosperity for all, forever.  We have finally found the holy grail of wealth creation, through the magic of printing money to buy what we want.  I can't believe it took so long for everybody to figure out that the best way to increase wealth was to just print more of the stuff we use to measure it by - it seems so obvious after the fact.  So stop with the 'inflation' stories, I know you must be lying....

Mon, 12/02/2013 - 13:23 | Link to Comment Ralph Spoilsport
Ralph Spoilsport's picture

You don't need to spend so much on drummers these days. A lot of the guys outside of the bus station are quite good and can paradiddle quite well on those old paint buckets.

Mon, 12/02/2013 - 13:23 | Link to Comment El Hosel
El Hosel's picture

Should one consider going long of gold against Christmas of Bling?

Mon, 12/02/2013 - 13:23 | Link to Comment Lead Balloon
Lead Balloon's picture

How do they come up with the cost of a leaping lord?

Mon, 12/02/2013 - 13:28 | Link to Comment Dr. Engali
Dr. Engali's picture

Bankers jumping for joy over their year end bonus increase.

Mon, 12/02/2013 - 13:52 | Link to Comment Colonel Klink
Colonel Klink's picture

I keep praying for the day of leaping bankers.

Mon, 12/02/2013 - 13:26 | Link to Comment Dr. Engali
Dr. Engali's picture

What's up with the pecker sitting on the barn beside the geese a laying? Is that a play on words.

Mon, 12/02/2013 - 13:27 | Link to Comment FredFlintstone
FredFlintstone's picture

The nine "ladies" dancing would have to be 4 hours each in the champagne room. I would like to see what the 8 maids a milking entails for only $58. Must be from a third world country.

Mon, 12/02/2013 - 13:29 | Link to Comment therearetoomany...
therearetoomanyidiots's picture

It's how things 'get done' after ACA in full force.  

Mon, 12/02/2013 - 13:28 | Link to Comment Ralph Spoilsport
Ralph Spoilsport's picture

The milk maids haven't had a raise in years and they are depicted as a minority. Dats rayciss!

Mon, 12/02/2013 - 14:09 | Link to Comment yogibear
yogibear's picture

Private healthcare just jumped 15% with the  most basic, highest deductable  plan due to Obamacare. Other plans may be affected more.

Don't know of many people getting 15% raises.

Mon, 12/02/2013 - 16:08 | Link to Comment Immortal Flatulence
Immortal Flatulence's picture

15%? I'd be happy to keep up with inflation and get 7%. Nope, this year, 1.5%. Still better than nothing, but I guess that's what they are counting on.

"Be a good sheep and be glad you have a job."

Mon, 12/02/2013 - 14:22 | Link to Comment Dr. Kenneth Noi...
Dr. Kenneth Noisewater's picture

That's actually wrong, since the actual # of gifts are:

 

12 partridges in pear trees

22 turtle doves

30 french hens

36 calling birds

40 gold rings

42 geese a laying

42 swans a swimming

40 maids a milking

36 ladies dancing

30 lords a leaping

22 pipers piping

12 drummers drumming

Mon, 12/02/2013 - 14:31 | Link to Comment hoist the bs flag
hoist the bs flag's picture

well...does the inflation have anything to do with root rot?

http://www.cbsnews.com/news/root-rot-threatens-traditional-christmas-tree-species/

 

Mon, 12/02/2013 - 14:44 | Link to Comment AngelEyes00
AngelEyes00's picture

The govt. doesn't include food or energy in calculating inflation, which in my opinion is not a realistic way to figure it because we all need that stuff.  Anything and everything in the grocery store is more.  Look at organic apples, 3.98 a pound in Summer for Fugi's.  When I was a kid an apple was a nickel.  Going to the theatre was 50 cents.  I remember my father and I getting gasoline in LA in 1965 for .29 cents a gallon.   The bridge toll on the Carqineuz Bridge in the East bay of CA was .15 cents - now it's 5 bucks.  The goldgen gate bridge toll was .25 in the early 60's, then went to .50 cents for a couple of decades and now it's 6 bucks, but you don't stop to pay anymore, they photo your license plate and send you a bill in the mail and if you don't immediately pay it, it goes up to 36 dollars and they threaten to arrest you if you don't pay the higher amount.  We parked at SF airport long term parking for 34 dollars for 10 days in 1992 and just recently parked there for 10 days and it cost 198.  One Hundred and Ninety Eight dollars to park for ten days!?   

Mon, 12/02/2013 - 15:14 | Link to Comment devo
devo's picture

Sell your gold!

Mon, 12/02/2013 - 18:00 | Link to Comment geewhiz
geewhiz's picture

Shadowstats 1980 alternative inflation calculator has current inflation around 8% so this looks credible to me. Also real gdp been negative for some years now. Enjoy the Christmas sleigh ride down the slope, next milestone, the cliff.

Mon, 12/02/2013 - 18:40 | Link to Comment dizzyfingers
dizzyfingers's picture

Price of Christmas isn't surging at our house. No gift purchasing allowed.  

We have choices folks.

Wed, 12/04/2013 - 01:08 | Link to Comment atomp
atomp's picture

Subtract one of each, bam! Deflation Bitchez! (at least in the short term)

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