Beyoncé's Renaissance Tour is blamed for inflation rise in Sweden
Earlier this year, in May, Beyoncé kicked off her Renaissance Tour in Sweden.
The Renaissance Tour marked the first time Beyoncé had gone on a solo world tour since the Formation World Tour in 2016. It has now been reported that Sweden has reported higher-than-expected inflation of 9.7% in May.
Beyoncé's arrival in the city had created a surge in restaurant and hotel pricing in the area as thousands travelled to see the show due to the lower priced tickets, and "weak" Swedish currency.
Michael Grahn, the chief economist at Danske Bank, the biggest bank in neighbouring Denmark, told BBC via email that In an email to BBC, Grahn wrote that he doesn't directly blame Beyoncé for the high inflation, "but her performance and global demand to see her perform in Sweden apparently added a little to it." He added that "there are a limited number of hotels and accommodation in the Stockholm area,” adding that hotels further away from the capital had raised prices as a result."
Beyoncé's Renaissance Tour continues tonight in Cologne, at the RHEINENERGIESTADION.
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