Swift's concerts, Olympics, and other events are expected to drive up inflation in the services sector, complicating the assessment of underlying inflation strength for policymakers.
Hotel prices and live music costs have increased substantially, largely attributed to events like Swift's concerts. The impact on inflation, particularly in the UK, may be significant.
Higher hotel prices due to events like Swift's concerts could contribute as much as 0.3 percentage points to services inflation, causing challenges for policymakers.
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