The basic rule of economics is that the value of goods and services is first determined by whom? demand and supply, But what happens if all of a sudden the supply in a system is constant in all but the smallest dimensions question arises, There is only one result:price hike, Or, if you prefer, it could be a decrease in the purchasing power of money. In a word: there is inflation.
Beyoncé in Sweden
according to some analysts beyonce this happens Inflation pushed up in Sweden, The superstar has traveled to the Scandinavian country to hold two dates of his world tourAttracting thousands of fans from everywhere.
Although Swedish inflation fell below 10% in May, some analysts argue that without Beyoncé’s concert, the results would have been even higher. In short, Star made in the USA has kept the prices high.
Inflation in Sweden reached 10.5% in April. Consumer prices fell to 9.7% in May, the first time inflation has fallen below 10% in more than six months. This has led to a fall in the prices of electricity and food, but at the same time has led to an increase in the prices of some goods and services. Agency Statistics Sweden show that the prices of hotelDid restaurantI recreational services And thisClothes,
And michael granchief economist of sweden Danske BankIn Stockholm to unfold Beyonce’s visit: “Beyoncé’s world tour start in Sweden may have impacted May inflation, but by how much is still uncertain.” Grahan speculates that the Beyoncé factor may have driven up the prices of some areas of the company. 0.2% or of 0.3%,
attended every concert 46,000 peopleAnd. Stockholm’s hotels and bed and breakfasts were packed and thousands of fans had to stay overnight in municipalities outside the capital.
participation of many foreign fans who have taken advantage local currency weaknessSwedish Krona, to pay less for airfare.
Bruce Springsteen in Sweden
talking to wall street journalHowever, Michael Grahn said that the Beyoncé effect is considered a “very rare” phenomenon and that he expects the situation to return to normal in June. Provided there isn’t a Bruce Springsteen effect after the Beyoncé effect in the meantime: Boss is expected to have three concerts in Sweden that will soon be held in Gothenburg, an important city on the Scandinavian country’s west coast.
inflation in sweden
Inflation in Sweden reached 12.3% in December 2022 (highest in last 30 years). As the central banks of the United States and the European Union have already done, the Swedish central bank has also repeatedly raised rates in an effort to curb inflation.
You can learn more about inflation and understand what causes it by following this link.