An economist is blaming Beyoncé for keeping inflation higher than expected in Sweden.
Fans headed there for the start of her first solo World Tour in seven years which pushed up demand, and therefore prices, in hotels and restaurants in Stockholm.
The superstar kicked off her Renaissance World Tour in Sweden, playing two sold-out shows on the 10th and 11th of May.
Michael Grahn, an expert at Danske Bank, thinks the star definitely had an impact in keeping the rate, which came in at 9.7%, above what many predicted.
🇸🇪 Beyonce's start of her world tour in Sweden seems to have coloured May inflation, how much is uncertain, but probably 0.2 p.p. of the 0.3 p.p that hotels/restaurants added. Perhaps also hiked concert ticket prices (recreation). Otherwise as expected.
— Michael Grahn (@MichaelGrahn1) June 14, 2023
Mr Grahn tweeted on Wednesday saying, "Beyonce's start of her world tour in Sweden seems to have coloured May inflation."