inflation

Economist Says Beyonce’s “Renaissance” Tour Contributed To Swedish Inflation

by

According to Michael Grahn, Danske Bank’s chief economist in Sweden, Beyonce’s first “Renaissance” tour stop had an impact on the Swedish economy. “Beyonce’s start of her world tour in Sweden seems to have colored May inflation,” Grahn recently told Politico. “How much is uncertain, but probably 0.2 p.p. of the 0.3 p.p. that hotels/restaurants added.” He said the inflation was due to an increase in “a broad set of goods and services, for instance hotel and restaurant visits” and “recreational services,” such as ticket’s to Bey’s tour. Grahn says they expect inflation “to be reversed in June as prices on hotels and tickets reverse back to normal.”

Beyonce kicked off her “Renaissance” tour in Stockholm last month, and fans went wild for her performance. One fan even got arrested on the opening night, for sneaking into a VIP section of the event. The show’s setlist was also reportedly leaked ahead of the tour stop.

Read More: Beyonce Gives Merch To Fans Outside After Making Music History With Barcelona “RENAISSANCE” Concert

Beyonce Impacted The Swedish Economy

Economist Says Beyonce's "Renaissance" Tour Contributed To Swedish Inflation
Beyoncé performs onstage during the “RENAISSANCE WORLD TOUR” at the Tottenham Hotspur Stadium on May 30, 2023 in London, England. (Photo by Kevin Mazur/WireImage for Parkwood)

The “Renaissance” tour has been attended by various celebrities, including Kylie Jenner, Future, Paul McCartney, and more. Ariana Grande even recently stopped by the tour amid rumors that she has a collab in the works with Queen Bey herself. Beyonce’s daughter, Blue Ivy Carter, has also been joining her mother onstage at various shows. Following the 11-year-old’s performance in Paris, Beyonce shared a sweet message to her daughter. “My beautiful first born [prayer hands emoji]. I’m so proud and thankful to be your mama,” she wrote on Instagram, “You bring us so much joy, my sweet angel.”

Beyonce also recently landed a spot on Forbes’ list of Richest Self-Made Women, alongside Rihanna, Taylor Swift, and more. She came in at No. 48, with a staggering net worth of $540 million. That’s not too surprising, based on the fact that her and her husband Jay-Z recently paid cash for a new, $200 million house.

Read More: Beyonce Handles “RENAISSANCE” Wardrobe Malfunction Like A Pro During London Tour Stop

[Via]

The post Economist Says Beyonce’s “Renaissance” Tour Contributed To Swedish Inflation appeared first on HotNewHipHop.

Cardi B’s Inflation Tweets Cause Twitter Rift, Rapper Claps Back

by

Earlier this week, Cardi B made headlines by addressing the steadily rising prices in grocery stores throughout the United States. On Tuesday, January 3, she tweeted, “Naaaaaa grocery shopping prices are ridiculous right now…You might as well eat outside !!” She also tweeted, “Bitch why lettuce cost 6 dollars where I live at ?”

While the comments seemed innocent enough, the “Bodak Yellow” rapper caused an uproar on Twitter. Some fans expressed their respect for Cardi’s money management skills. On the other hand, more irate fans dragged her for speaking about an issue that disproportionately affects lower-class people. See some of the Twitter reactions below.,

Read More: Pam Grier Is Writing A Movie For Her And Cardi B, Shares Advice For Megan Thee Stallion

READ MORE: Cardi B Defends “Fighting Over D**k” Lyrics From “Tomorrow 2”

Cardi B responds to the social media backlash over her inflation tweets

After getting blasted by fans on social media, Cardi swiftly responded to the criticism. To demonstrate that her original tweets came from a sincere place, she shared a video on Twitter. In the video, she began by clarifying that millionaires have the right to watch how much they are spending.

“Let me tell y’all something,” Cardi said in the video. “When I be complaining about food prices, and y’all mother fuckers be like, ‘Aint’t you rich? Why you complaining about lettuce? Why you complaining about this?’ That just goes to show me when you become successful, when you have money, you’re fucking gonna go broke soon. Because y’all not budgeting.”

Then, Cardi explains that she regularly gets a summary breakdown of her finances. Upon seeing more money being spent in grocery stores than usual, she checked out a supermarket for herself. Although Cardi’s a millionaire who can afford higher prices, she explained why she chose to publicly comment on the issue.

NEW YORK, NEW YORK – SEPTEMBER 17: Cardi B attends Cardi B Hosts Fashion Night Out on September 17, 2022 in New York City. (Photo by Shareif Ziyadat/Getty Images)
READ MORE: Deb Antney Thought Nicki Minaj & Cardi B Would “Lock In”

“Of course I’mma say something!” Cardi said later on in the video. “The fuck? ‘Cause if I think that shit is crazy, I can only imagine what middle class or people in the hood are mother fucking thinking. So yes, I’m going to say something. The fuck! And I have a big platform, so I do want anybody that’s responsible of these fucking prices to put that shit the fuck down.”

After tweeting out that video, Cardi B also sent a follow-up tweet to clarify her optimism for bringing about change. One fan told the rapper her influence won’t magically fix inflation, and Cardi ultimately agreed with her. The Grammy award-winning artist simply responded, “Not necessarily cause of me but if we bring enough awareness to inflation you never know.”

See Cardi B’s latest round of inflation tweets below.

Read MORE: Cardi B Reveals She “Was Crushing” On Offset During “Lick” Video Shoot

Now that she has further elaborated on her previous tweets, what do you think? Is Cardi B’s argument valid? Or do her skeptical fans have a point here? Sound off with your opinion in the comment section below.

[via]

Cardi B Blasts High Grocery Store Prices

by

Inflation has been one of the most pressing issues in the United States over the last year. According to CNBC, the prices of everything from eggs and poultry to milk and cereal have surged dramatically. In addition to grocery store prices, everyday costs such as airfare and public transportation have recently increased as well. As a result, inflation has impacted countless people in one way or another — even celebrities like Cardi B.

Since last summer, the “Hot Shit” rapper has been vocal about the economic conditions in the U.S. Although she has repeatedly been called out for her comments, Cardi has refused to stay silent about the matter. Now, in a recent tweet, Cardi B has addressed inflation once again.

Cardi B is seen departing the Ronald Reagan Federal Building and U.S. Courthouse on October 21, 2022 in Santa Ana, California. Cardi B is being sued for copyright infringement after allegedly using an image of a man’s tattoo on an album cover. (Photo by Frazer Harrison/Getty Images)
READ MORE: N.O.R.E. Invites Cardi B On ‘Drink Champs’: “I Respect Her” 

Cardi B vents about inflation and “ridiculous” grocery store prices

On Tuesday, January 3, the multi-platinum recording artist hit Twitter to voice her frustration with surging grocery store prices.

“Naaaaaa grocery shopping prices are ridiculous right now,” she stated. “You might as well eat outside !!”

Then, Cardi followed up that tweet by sharing a clip of Remy Ma’s viral “aggravated” moment from Love & Hip Hop New York. For context, Cardi tweeted, “Bitch why lettuce cost 6 dollars where I live at ?”

Check out both of Cardi’s inflation tweets below.

Read MORE: Report: Tasha K Demands A New Trial In Cardi B’s Defamation Lawsuit

Furthermore, Cardi B isn’t the only figure in the music industry to criticize the stifling effects of inflation. Citing “out of control” inflation, Afroman upped the ante by announcing his 2024 presidential bid a couple of weeks ago.

Read More: Afroman Plans To Run Against Trump & Ye In 2024 Presidential Campaign

In conclusion, the New Year is still fresh, so we’ll have to wait and see whether inflation improves or worsens over the following months. For now, let us know in the comment section what you think about Cardi B and Afroman’s comments. 

[via]