"A lot of the pickup in inflation that we're expecting in November is going to be due to some temporary factors surrounding the arrival of Taylor Swift within Canada."
"If you get a big enough acceleration in inflation in those areas, it can impact headline numbers," said Grantham, emphasizing the concert's effect on local economies.
"Based on the 'Taylor Swift effect' seen on hotel and airfare prices in other developed countries, we judge core services prices rose by 0.7 per cent month-over-month," stated Abarques.
Spending associated with her shows in the city is expected to generate $282 million in economic impact, significantly affecting the tourism and hospitality sector.
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