Thursday, June 15, 2023

"Beyoncé caused Sweden inflation bump, expert says "

From, June 14:

The American superstar launched her world tour with a price-spiking concert in Stockholm in May.

Crazy In ... Flation.

American superstar singer Beyoncé, who launched her world tour with a concert in Stockholm on May 10, is partially responsible for the rise of inflation in the country in May, a senior economist at one of the top Nordic banks said.

Monthly inflation increased by 0.3 percentage points in Sweden from April to May, data published Wednesday from Statistics Sweden shows.

The hike was in part due to an increase in "a broad set of goods and services, for instance hotel and restaurant visits" and "recreational services," which include concert tickets....