The famous American singer Beyoncé’s concert is being cited as the reason for the increase in the inflation rate in Sweden.
It may be hard to believe, but Michael Grahan, the chief economist of Sweden’s Danzig Bank, said that the American singer started her world tour in Sweden, which led to an increase in inflation in the country in May, but it It is not yet clear how much the increase was.
He said that due to last month’s concert, prices of hotels and related services increased by 0.2 to 0.3 percent.
It should be noted that millions of people went to Stockholm, the capital of Sweden, to participate in this concert.
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