Beyonce blamed for inflation rise in EU country ...News

Concerts of the US R&B superstar may have impacted Swedish inflation last month, a chief economist at Danske Bank has said Swedish inflation declined less than expected in May, as Beyonce fans flocked from around the world to her concerts in Stockholm, possibly driving an increase in hotel and restaurant prices, data published by Statistics Sweden showed on Wednesday. Consumer prices rose by 9.7% last month on an annual basis, down from 10.5% in April, falling below 10% for the first time in six months, the report said. Core inflation, which excludes energy costs and the effect of interest rate changes, jumped 8.2

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Beyonce blamed for inflation rise in EU country ...News

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