Christmas Price Index chose the items in the popular Christmas carol "The Twelve Days of Christmas" as its market basket: a partridge in a pear tree, two turtle doves, three French hens, four calling birds, five gold(en) rings, six geese, seven swans, eight maids, nine dancing ladies, ten leaping lords, eleven pipers, and twelve drummers. According to tradition, the purchasing of the items begins on December 26 and ends on January 6. PNC compiles both a "Christmas Price Index" and "The True Cost of Christmas." The "Christmas Price Index" is calculated by adding the cost of the items in the song. The "True
The Twelve Days of Christmas (song) in each round of the song, then a total of 364 items are delivered by the twelfth day. This custom began with and is maintained by PNC Bank. Two pricing charts are created, referred to as the Christmas Price Index and The True Cost of Christmas. The former is an index of the current costs of one set of each of the gifts given by the True Love to the singer of the song "The Twelve Days of Christmas". The latter is the cumulative cost of all the gifts with the repetitions listed in the song. The people mentioned in