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The Unexpected Beyoncé Effect: Hotter Inflation

In Europe’s relentless battle against inflation, another culprit has apparently emerged: Beyoncé.

Last month, as the star kicked off her world tour in Stockholm, fans flocked from around the world to witness the shows, pushing up prices for hotel rooms. This could explain some of the reason Sweden’s inflation rate was higher than expected in May.

Consumer prices in Sweden rose 9.7 percent last month from a year earlier, the country’s…

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