Looks like Beyoncé's Renaissance Tour is heating up more than just the stage. Beyonce inflation
Though this number was a 10.5 percent decrease from the previous month, it was still higher than economists thought it would be.
“Beyoncé’s start of her world tour in Sweden seems to have colored May inflation, how much is uncertain,” Michael Grahn, an economist at Danske Bank,He said the concert might be behind most of the 0.3 percentage point added to inflation from restaurant and hotel prices. In total, the two industries saw a 3.3 percent price increase in May from the previous month.
The Renaissance World Tour began on May 10 with a two-night stay at a Stockholm arena that had a seating capacity of 50,000. Grahn toldthe weakness of the country’s currency, krona, would translate to cheaper tickets for fans and increase the demand. “The main impact on inflation, however, came from the fact that all fans needed somewhere to stay,” he said. Fans booked hotel rooms as far as 40 miles away to see the “Break My Soul” singer. Thankfully, Grahn says the inflation caused by Queen Bey will fall this month.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Beyoncé is to blame for inflation in Sweden: ‘Not normal’Beyoncé is causing higher “bills, bills, bills” in Sweden.
Read more »
Beyoncé blamed for keeping inflation high in Sweden. Is Springsteen next? | CNN BusinessSwedish consumers now have Beyoncé to blame for their bills, bills, bills.
Read more »
Beyoncé’s ‘Renaissance’ World Tour Wardrobe Is Fashion Diplomacy at Its FinestHost-site-specific fashion is typically the stuff of royals and political figures. But then again, Beyoncé is her own sort of head of state.
Read more »
What to Wear to Beyoncé's 'Renaissance' Tour — From Crystal Cowgirl Hats to Latex BodysuitsBeyHive, this shopping guide is just for you! 🐝🚨 RenaissanceWorldTour
Read more »
Beyoncé Gags Even the Swedish EconomyHer Renaissance Tour contributed 0.2% to inflation, per official estimates.
Read more »