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According to the source, the index reflects the current cost for one set of each of the gifts given in the song "The Twelve Days of Christmas". With a decrease of 21.7 percent over previous year, 1995 saw the greatest decline in cost for these gifts. After a significant increase in 2022, the inflation rate slowed slightly in 2023 with a total increase of 2.7 percent. The cost for the ten Lords-a-Leaping - the most expensive item in the index - was at 14,539 U.S. dollars in 2023.