Swedish inflation tops forecasts after Beyoncé gig fills hotels
Beyoncé drew more than 80,000 over two nights to Stockholm’s Friends Arena on May 10.
Swedish core inflation slowed less than expected in May as Beyoncé fans flooding Stockholm may have driven an increase in hotel prices.
A price measure that strips out energy costs and the effect of interest rate changes rose 8.2% from a year earlier, according to data published by Statistics Sweden on Wednesday. That was higher than the median estimate of 7.8% in a Bloomberg survey as well as the 8.1% expected by the Riksbank.
