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Beyonce's effect on Swedish inflation

Global superstar Beyonce is being blamed for the rate of inflation!

She's been on her world tour - and the claim is that when she was performing in Stockholm - there was such a frenzy of demand for hotels and restaurants - that it showed up in Sweden's economic statistics...and sent inflation to 9.7% in May.

Michael Grahn, chief economist at Danske Bank in Sweden, spoke to Newshour's Rebecca Kesby

(photo: Beyonce appearing before fans in Edinburgh; credit - Live Nation/EPA)

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2 minutes