Sweden’s Inflation Soars Due to Beyoncé’s Impact: Analysis and Economic Data

2023-06-15 09:58:00

Economists expect higher-than-expected inflation in Sweden last month Maybe not the Ukraine war and the supply chain problem. But because of the singer “Beyoncé”

Michael Grahn Economist at Danske Bank Danish giant bank Analysis that Beyoncé’s world tour concert, which opened in Stockholm, Sweden, was the first place in the world. last month It was responsible for Sweden’s inflation reaching 9.7%, above the expected 9.4%.

by economic data Demand for hotel rooms and restaurants spiked in May, pushing up food and room prices in Stockholm.

Results of the Grammy Awards 2023 “Beyoncé” swept 4 awards, breaking the world record for an artist who won the most “Grammys” “Harry Styles”

“SUGA” held a full solo concert that was fun. Watch “Thai Army”, she was great!

Likewise, ticket prices for various entertainment events and cultural performances have also increased accordingly.

Travel website Visit Stockholm cites the “Beyonce Effect” as a factor that has boosted tourism in the capital in the past month.

Michael Grahn told the BBC: I don’t want to blame Beyonce for this. But it’s undeniable that her performance has brought people all over the world to Stockholm. To see a concert that was held for 2 days and attended by up to 46,000 people, it is not often that one artist makes such an impact. But if it’s an important football match, it can also have this kind of effect.

The Renaissance World Tour marks Beyoncé’s first concert tour in seven years. which is expected This could also be a key economic period. It is estimated that The concert will gross nearly 88 billion baht when the tour ends in September.

According to data from Airbnb, as soon as the tour schedule is announced, The search rate for accommodation by the city where the concert was held skyrocketed. Tickets sold out in just a few days. In addition, the resale price is still skyrocketing.

Besides Sweden as the United Kingdom It has over 60,000 fans from Lebanon, the US and Australia. Traveled to Cardiff for a concert. London part Rooms during concerts are in great demand. Until some of the homeless families that the authorities arrange to stay in hotels Must be evicted to increase accommodation for concert tourists

Image from AFP

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#Economist #Beyoncés #Concert #Swedens #Inflation

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