Irish Examiner view: Beyonconomics

Inflation in Sweden

One economist blamed a recent Beyonce concert in Stockholm for the increase in rate of inflation. Picture: Mason Poole/Invision for Parkwood Entertainment/AP Images

Practitioners of the dismal science, to give economics its traditional name, have been defying stereotypes recently in Sweden.

When considering the reasons for a recent increase in the rate of inflation, one economist came up with a reason for that increase which went far beyond international trade or the European Central Bank. He blamed the recent Beyonce concert in Stockholm.