Beyoncé really is fucking with the economies of the world! First, she’s fighting with the U.S. Tax Man over $3 million, and now she’s being linked to inflation in a whole other country on a different continent! Bey’s tour stop in Sweden reportedly caused price hikes in the country for the month of May. The Bey Hive isn’t the only thing to fear when it comes to Beyoncé–she might get your money fucked up, too!
Politico says that a senior economist at one of the top Nordic banks–Danske Bank–has called out Beyoncé by name as a factor in the cause of inflation thanks to her May 10 concert that kicked off her world tour. Because of her, people in Sweden saw a 0.3% increase in inflation from April to May. Don’t call it “infl-BEY-tion!” Michael Grahn, the chief economist for Danske, called it unprecedented and “quite astonishing.”
Monthly inflation increased by 0.3 percentage points in Sweden from April to May, data published Wednesday from Statistics Sweden shows. The hike was in part due to an increase in “a broad set of goods and services, for instance hotel and restaurant visits” and “recreational services,” which include concert tickets.
According to Michael Grahn, Danske Bank’s chief economist in Sweden, Beyoncé’s concerts in the Swedish capital are partly to blame.
“Beyonce’s start of her world tour in Sweden seems to have colored May inflation, how much is uncertain, but probably 0.2 p.p. of the 0.3 p.p. that hotels/restaurants added,” Grahn said. “We expect this upside surprise to be reversed in June as prices on hotels and tickets reverse back to normal.”
Beyoncé isn’t that special, though, because special events have caused inflation before in other countries. In Paris, inflation rose 4.3% in May due to the first week of the Roland-Garros French Open beginning May 22. But I can see Beyoncé throwing a fit already. “How come I caused only 0.3% inflation but some tennis tournament caused more than 4%!?!” Beyoncé must cause a country at least 5% in inflation costs in order to truly be considered a success!
Pic: INSTARimages