Beyoncé concert in Stockholm blamed for unexpectedly high Swedish inflation

According to official statistics, Swedish inflation decreased in May, although it was still higher than anticipated. Some analysts speculate that the cause for the unexpected inflation was due to the highly publicized Beyoncé concert. Hotel and restaurant prices, which make up 0.3 percentage points of the inflation, were possibly influenced by her concert. In May, thousands of fans attended the two concerts that marked Beyoncé's first solo tour in seven years. Each show had an estimated crowd of 46,000, and many fans traveled from overseas to take advantage of the weaker Swedish currency and lower ticket prices. Some hotels even reached full capacity, leaving some fans to stay outside the capital.


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