Beyoncé, so the pop star has fueled inflation in Sweden

Known as the most titled artist of all time with 32 Grammy Awards, beyonce It may soon become a case study in economics textbooks. Over the war, the raw material crisis and the hike in interest rates by the ECB, the pop star with 312 million followers on Instagram has managed to destabilize the entire country’s economy. can not believe? probably because you don’t live in Sweden, where the singer’s tour began. Last month’s landing in Stockholm started a chain reaction that led toRising inflation Or, better, a smaller reduction than the projections projected by the central bank, at -0.2% between April and May, against -0.4%.

It may seem unbelievable that an artist, even one as world famous as Beyoncé, can have such a huge impact on a country’s economy. Yet the announcement of the Renaissance World Tour, 7 years after the previous Formation World Tour, caused the prices of transportation, restaurants, hotels, and all types of accommodation to skyrocket. In fact, fans from all over the world flocked to the Swedish capital for the tour’s two opening concerts, for a total of 46,000 admissions per evening., causing prices to skyrocket in both the city and the province. Some spectators also came from the United States, attracted by the relatively low cost of tickets due to the low purchasing power of the Swedish krona compared to the dollar. An absolutely unexpected wave of people that has caused a sharp rise in the cost of entertainment and cultural activities for the country

Which peaked at 12.3% inflation in December, then fell to 10.5% in April and is currently at 9.7%.

“I don’t want to blame Beyoncé,” Michael Grahn, chief economist at Danske Bank in Sweden, explained softly in an email. BBC -, but (the singer) is responsible for this boom: It is certainly sensational enough, given that it is a single incident. We’ve never seen anything like this before”. From the columns of corriere della seraIn , Matteo Percivale talks about bayonflation, a neoclassicism that may soon prompt a university textbook case history. Forbes predicted that the pop star’s concert could gross $2.4 billion by the end of September. But rapper Jay-Z’s wife may not be the only singer destabilizing the country’s economy. Swedbank economist Andreas Wallström anticipates similar results from Bruce Springsteen’s three evenings in Gothenburg, scheduled for the end of the month.