Beyoncé's Renaissance tour began in Stockholm in May, raising accommodation prices and inflation, economists believe.
A major Swedish bank's experts blamed Beyoncé for higher-than-expected inflation. You read properly.
According to the Financial Times, Copenhagen-based Danske Bank economists believe the 41-year-old singer's decision to launch her world tour in Stockholm in May caused local hotel costs to rise, resulting in higher-than-expected inflation.
Sweden's May CPI inflation was 9.7%. Restaurants and motels gave 0.3 percentage points, while recreation and culture contributed 0.2 percentage points.
Hotel, restaurant, recreational, & apparel prices rose, according to Swedish government data.
The opening two sold-out concerts of the superstar's Renaissance tour last month drew fans from around the world.
The singer, known for "Crazy in Love" and "Halo," is on her first world tour in seven years, and tickets in Europe & the US are selling fast.