Beyoncé’s Concerts In Stockholm Cause Inflation Rate To Rise In Sweden

Despite Beyoncé’s popularity, not all of Sweden’s citizens may have appreciated her recent visit to Stockholm last month. 

Queen Bey is reportedly partly blamed for the high inflation rates during her Renaissance tour, which began on May 10. 

During her time there, fans from all over the world took advantage of the cheaper concert tickets that Sweden had to offer compared to the U.S. prices. Reports say that the average tickets for her Rennaisance tour in Sweden were $200, while fans in the U.S. were looking at an average of $700 a ticket. 

The influx of visitors in Sweden last month apparently increased the inflation rate by 9.7% from 2022. 

Economist Michael Grahn of Danske Bank doesn’t totally blame Beyoncé for the rise in inflation, though. Still, he told The New York Times that “her performance and global demand to see her perform in Sweden apparently added a little to it.”

“The main impact on inflation, however, came from the fact that all fans needed somewhere to stay,” he said, explaining that fans had to find accommodations up to 40 miles away from the concert venue. 

“It’s not just out of the blue, we did hear a month ago that it was very hard for her fans to get accommodation and that hotel rates went up. It seems to be a reasonable guess,” Grahn added.

Beyoncés tour in Europe will soon end, as her North American dates are set to begin in July.