BEYONCE BEING BLAMED FOR RISING PRICES IN SWEDEN
Written by Lola Narawa on June 15, 2023
So Beyonce recently kicked off her Stockholm world tour . According to a Swedish economist her tour is the cause of the recent rising prices in Sweden.
The start of the singer’s world tour in Sweden last month sparked such a frenzy of demand for hotels and restaurant meals that it has shown up in the country’s economic statistics.
Sweden reported higher-than-expected inflation of 9.7% in May.
Rising prices for hotels and restaurants were behind the surprise.
Michael Grahn, economist at Danske Bank, said he thought Beyoncé helped drive the jump in hotel rates. She may also have been the force behind the unexpectedly strong uptick in recreation and culture prices, he said.
“I wouldn’t … blame Beyoncé for [the] high inflation print, but her performance and global demand to see her perform in Sweden apparently added a little to it,” he wrote in an email to the BBC.
There is little doubt that the singer’s first solo tour in seven years marks a big economic moment. At least one estimate suggests the run could gross almost £2bn by the time it ends in September.
Story and images sourced from BBC News
Reader's opinions
Continue reading
