Fa La La La La: Holiday Costs Decline

Chart of the Week for December 20-26, 2002

According to data recently released by PNC Advisors, two of thirteen holiday sectors declined significantly this year over last. A glut of swans-a-swimming and pear trees resulted in deep discounts, -40% and -30% respectively, as retailers slashed prices to reduce inventory. The slight increases earned by other sectors were not able to overcome this decline resulting in a 7.6% drop in overall holiday costs this year. Ex-swans, however, the “core” index rose 1.7%.

Perhaps reflective of the soft labor market, only leaping lords and dancing ladies managed an increase over last year. Maids, pipers and drummers have to make do with last year’s wages. Not surprising, given the recent bear market, gold (rings) garnered a slight increase.

Interestingly, ordering online provides no discount due to shipping fees. For the convenience of ordering by computer, you’ll have to pay an additional $10,037.

Happy Holidays!

* This illustration was created from information obtained from PNC Advisors, which is a service mark of The PNC Financial Services Group, Inc. and is not affiliated with the ICMA-RC. We do not guarantee its accuracy or completeness. Neither the information nor any opinion expressed constitutes an offer, or an invitation to make an offer, to buy or sell any securities. This information is intended for educational purposes only and is not to be construed or relied upon as investment advice. It does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this report. Investors should seek financial advice regarding the appropriateness of investing in any securities or investment strategies discussed or recommended here and should understand that statements regarding future prospects may not be realized. Past performance is not necessarily indicative of future performance. Vantagepoint securities are distributed by ICMA-RC Services LLC, a broker dealer affiliate of ICMA-RC, member NASD/SIPC. ICMA-RC Services LLC, 777 North Capitol Street NE, Washington, DC 20002-4240. 1-800-669-7400.