How Beyoncé Pushed Inflation In Sweden

in High hotel prices Based on Restaurants It appears that she was the impetus behind her decision Beyonce to kick off her “Renaissance” world tour Stockholm said the chief economist of Danske Bank, Denmark’s largest bank, on Wednesday (14/6), in May, as tens of thousands of fans “massively descended” on the city.

In particular, Michael Grann estimates that additional demand from the singer’s fans, known as the BeyHive, is behind two-thirds of the price increases seen in the hospitality sector in May, according to CNN.

This, in turn, contributed to a slightly lower overall inflation rate than expected. annual economic inflation Consumer price inflation eased to 9.7 percent in May from 10.5 percent the previous month, according to official statistics, while economists polled by Reuters expected a further slowdown, to 9.4 percent.

“It’s definitely not normal,” Gran told CNNi, adding, “Popular characters come here all the time, but we rarely see something like this.”

He then noted that many fans traveled to Sweden for the two sold-out concerts, as tickets were relatively cheaper than elsewhere. In fact, some of Beyoncé’s fans in the US told BuzzFeed News in February that they had bought tickets to the singer’s Swedish concerts with big sale concerts in the United States.

At the same time, Gran noted, “There are a limited number of hotels and accommodations in the Stockholm area,” adding that those as far as 50 kilometers from the capital have raised their prices.

However, it is expected that the “Beyoncé effect” temporarywith hotel rates likely to drop in June.

After Beyoncé, he is expected to tour Gothenburg, Sweden in June and Bruce Springsteen, Gran said that three concerts are scheduled, which could add pressure on prices, but that is not likely.

Beyoncé blamed it on keeping inflation high in Sweden. Is Springsteen next? / Anna Cuban, CNN