Beyoncé’s Renaissance World Tour Impacted Inflation in Sweden: Economist
etcanada.comIt’s no secret that Beyoncé is an internationally famous music superstar with millions of fans throughout the world, but who knew she had the power to affect the economy of an entire nation?
That appears to be the case, with a top economist claiming that Queen Bey’s two shows in Sweden, launching her Renaissance World Tour, caused the entire country’s inflation rate to temporarily increase.
In a recent New York Times report, Danske Bank chief economist Michael Grahn explains how her two-show tour kickoff in Stockholm last month “seems to have” impacted inflation in Sweden that month. READ MORE: Blue Ivy Once Again Joins Mom Beyoncé Onstage At London Concert Grahn cited numbers from Statistics Sweden indicating the the inflation rate for May was 9.7 per cent ,according to the Consumer Price Index (CPI).
As the report noted, while this was higher than the inflation rate in April — 10.5 per cent — it was markedly higher than what had been anticipated.
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