Sunday, December 21, 2008

12 Days of Christmas Index up sharlply this year

The best currency/inflation indicator which exists on the planet is "The Economist" Big Mac index, which tracks the prices of McDonald's Big Macs all over the world. So it isn't for naught that I enjoy tracking the 12 Days of Christmas Index, which is up more than 10% this year to a cost of $86,609 dollars. However, you can already see deflation setting in on the list:

"The three French hens (down $15 to $30) and six geese-a-laying (down $120 to $240) reflect declines in food prices."

I bet next year we see the 12 Days being cheaper than this year.

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