Beyoncé blamed for stubbornly high Swedish inflation

Beyoncé's world tour opening in Stockholm in May led to a surge in local hotel prices, contributing to higher than expected inflation reading for Sweden. Economists blame the singer for the extra upside surprise.

June 18, 2023 . 1:25 PM

1 min read

Beyoncé's world tour opening in Stockholm in May led to a surge in local hotel prices.
Many of the 46,000 concert attendees had to stay outside of Stockholm at elevated prices.
Sweden's annual core inflation exceeded expectations, with hotels and recreation contributing to the rise.
Economists expect the effects to unwind this month, but worry about the next big concert in Sweden.
Beyoncé's Renaissance tour has caused huge demand for tickets in Europe and the US.