Beyoncé blamed for keeping inflation high in Sweden. Is Springsteen next? ...Egypt

London CNN — Swedish consumers now have Beyoncé to blame for their bills, bills, bills. The chief economist at Danske Bank, the biggest bank in neighboring Denmark, said Wednesday that the singer’s decision to kick off her “Renaissance” world tour in Stockholm last month led to a surge in hotel and restaurant prices in the area as tens of thousands of fans descended on the city. Michael Grahn estimated that the extra demand from Beyoncé’s fans, known collectively as the BeyHive, was behind two-thirds of the price rises seen in the hospitality sector in May. That, in turn, contributed to a more modest decline in overall inflation than had been expected. Annual consumer price inflation ea

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Last updated : 16 June 2023 clock 04:16 PM

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Beyoncé blamed for keeping inflation high in Sweden. Is Springsteen next? ...Egypt

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