Two concert events carried out by Beyonce in Stockholm final month might have brought on Swedish inflation to rise, a senior economist has steered.
The American celebrity kicked off her Renaissance World Tour in Sweden, enjoying two offered out gigs within the Swedish capital on 10 and 11 May.
And it seems the demand for lodge rooms and restaurant bookings was so intense that it pushed up the official inflation statistics.
Michael Grahn, Danske Bank’s chief economist for Sweden, tweeted: “Beyonce’s start of her world tour in Sweden seems to have coloured May inflation.”
The precise quantity is “uncertain”, he added, however stated the concert events “probably” added about 0.2% to the general rise of 9.7%.
It quantities to 2 thirds of the 0.3% added by inns and eating places.
Mr Grahn instructed the Financial Times it was an “astonishing” growth and never one thing Sweden had skilled earlier than.
Some followers booked lodge rooms as much as 40 miles exterior of Stockholm, the economist stated.
He added on Twitter: “We expect this upside surprise to be reversed in June as prices on hotels and tickets reverse back to normal.”
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Visit Stockholm has attributed excessive ranges of tourism and virtually full lodge occupancy to the “Beyonce effect”.
In an e mail to The Washington Post final month, it stated guests from the United States, Germany and Britain accounted for the most important variety of bookings within the metropolis.
Earnings from the tour might exceed $2bn (£1.6bn), based on Forbes journal, though it admits that determine is predicated on the “most optimistic assumptions”.
Beyonce went from Stockholm to Brussels final month, then headed for the UK, the place she performed Cardiff, Edinburgh and Sunderland, earlier than 5 dates on the Tottenham Hotspur Stadium in London.
Source: information.sky.com”