Inflation doesn't stop for true love. Or even one measly partridge, according to a new survey of the list of goodies named in the song, "The 12 Days of Christmas." For the first time, the cost for the items on that list tops $100,000, according to PNC Wealth Management's 28th annual index.

The index, like the song, calculates the total cumulative price-tag of items gifted by a True Love in the song's verses. The entire list costs exactly $101,119.84, a 4.4% increase on last year, the study found. A big reason for the increase, says James Dunigan, managing executive of investments for PNC Wealth Management: Commodity prices are nearing record highs.

The cost of the list this year edged slightly ahead of inflation. The index tracked exceptionally close to the government's Consumer Price Index, which grew 3.9% over the last 12 months. "Typically we see parallels between our index and the federal government's," Dunigan says. The increase, however, is within the Federal Reserve's comfort range to maintain low interest rates.

While most items have risen along with commodity prices, some have not increased in value. Three French hens, eight maids-a-milking, nine ladies dancing, 10 lords-a-leaping all cost the same as they did last year. They're not on most people's shopping list, but here's the cost break down for each of the 12 days and their price increase from last year:

Partridge in a pear tree: $185 (+14%)

The pear tree accounts for $170 of that price, up more than 13% on last year, according to PNC Wealth Management investment strategist Rebekah McCahan, who compiled the list. The full-grown "Chukar" partridge costs $15, a 14% spike from last year, she says.

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2 turtle doves: $125 (+13%)

The cost of feed as well as availability sent the two turtle doves soaring 25% from last year -- still weaker than the 79% increase in 2010. However, doves are less common than some of the other breeds and, as such, more expensive. Some can run up to $400 to $500 apiece, she says. McCahan sourced her doves at the National Aviary in Pittsburgh, Penn.

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3 French hens: $150 (unchanged from last year)

After significant increases last year, prices for most of the birds remained relatively stable this year, in part due to the lack of demand. McCahan used "Houdan hens" -- named after a town in France -- and first imported to North America in 1865. Originally raised for meat and eggs, the Houdan is now predominantly used as a show bird. For money-saving purposes, experts say it does lay decent-sized eggs.

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4 calling birds: $600 (-13%)

The calling birds dropped in price by over 13% to $519.96. Male song birds usually have a territorial call and are more expensive, but this year the male and female birds were the same price. Strictly speaking, calling birds are European blackbirds, but consumers can also use canaries or other caged exotic birds, which would do the job just the same.

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5 gold rings: $650 (-1%)

These 14-carat gold ladies rings were chosen for their very narrow band, which is why they're so inexpensive. As recession-fearing consumers are still being careful with their holiday spending, the price for gold rings is actually down, despite the rise in gold over the last 12 months. "While gold commodity prices are at or near record highs, the demand for retail gold is waning," Dunigan says.

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6 geese-a-laying: $162 (+8%)

Geese, which were sourced at the National Aviary, are a more popular seasonal dish than calling birds and Houdan French hens, so they were not nearly as expensive as those other items, McCahan says.

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7 swans-a-swimming: $6,300 (+12.5%)

The price of these gifts fluctuates wildly depending on supply and demand. The cost of the seven swans-a-swimming typically provides the biggest swings from year to year in the survey: They rose by 12.5%, almost double last year's 6.7% price hike, to $6,300. McCahan priced Trumpeter swans, with long necks, which are rarer and, therefore, more expensive than other breeds.

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8 maids-a-milking: $58 (unchanged on last year)

The maids' costs remained flat along with the federal minimum wage, which currently hovers at $7.25, and hasn't changed since The Fair Minimum Wage Act 2007, which increased the minimum wage by nearly 11%. However, this doesn't include tips, and the minimum wage rules vary from state-to-state. For instance, Oregon doesn't allow tips to be included in that state's minimum wage of $8.50.

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9 ladies dancing: $6,294 (unchanged on last year)

McCahan got an estimate on how much it would cost to hire nine modern dancers for a private event from Philadanco, a Philadelphia Dance Company. Clearly, these would be an extravagance. "We are talking about a small basket of goods and services here compared to the Consumer Price Index," Dunigan says.

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10 lords-a-leaping: $4,767 (unchanged on last year)

These were priced based on an estimate given by the Pennsylvania Ballet and the lack of price hikes reflect the company's rates. However, the Pennsylvania Ballet is currently offering 20% to 30% off subscription packages, depending on how many performances are booked in advance.

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11 pipers piping: $2,428 (+3%)

The price of these Scottish bagpipers was estimated with the help of a local musicians union in Philadelphia, McCahan says. Jimmy Mitchell, this Texas-based bagpiper, says the final cost would also depend on the requested playing time, location of the event (he does weddings and funerals) and whether his presence is required at a rehearsal.

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12 drummers drumming: 2,630 (+3%)

Again, the cost of these drummers was based on trade union rates. But there are hidden expenses for eccentric romantics with cash to spare who would like to emulate the list in its entirety. McCahan, who has been compiling the list for 26 years says the total price of the list doesn't include a barn. "And, to house all of these, you would probably need one," she says.

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