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Concerts fuel inflation? Don’t panic, calm down

Coldplay and Taylor Swift can be good for businesses, but where consumer prices are concerned, it’s more complex

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The start of the Beyoncé Renaissance World Tour in Sweden last month drove up demand in hotels and restaurants.

The start of the Beyonce Renaissance World Tour in Sweden last month drove up demand in hotels and restaurants.

PHOTOS: BEYONCE/INSTAGRAM, AFP

Selena Ling

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There are myriad factors attributed to inflation, such as geopolitical tensions and supply-chain disruptions. But an unexpected contributor has emerged in recent times: pop stars.

The start of the

Beyonce Renaissance World Tour in Sweden last month

drove up demand in hotels and restaurants as fans from overseas – particularly the United States - packed Stockholm for two sold-out shows, taking advantage of the favourable exchange rate.

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