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Scoop.it!
The frenzy stoked by the start of the singer's world tour is seen driving up prices in Sweden. 
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Scoop.it!
The brewing giant said 2020 had been a year of "unprecedented disruption".
Graham Watson's insight:
Proof that the global hospitality sector has been adversely affected by the coronavirus pandemic. One of the world's largest brewers, Heineken, has announced 8,000 job losses - as a result of lower sales.
Anyone for derived demand?
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Scoop.it!
Food and drink firms are seeing price rises of as much as 18% while manufacturers struggle with costs.
Graham Watson's insight:
The Food and Drink Federation boss Ian Wright told the Business, Energy and Industrial Strategy select committee that inflation is running between 14%-18% for hospitality firms.
Currently, UK inflation is 3.2% more generally, but it's heading upwards, and there are concerns about the extent to which the Bank of England has the policy tools to deal with it, given its cost-push nature.
Equally, unlike many, the boss of the industry group has recognised that the costs of inflation are unevenly distributed.
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One of the year's great economic stories: the Swedish central bank believe that, at the margin, a rise in the Swedish rate of inflation may have been partly caused by rising hotel prices, and high levels of demand for food caused by her performing in Stockholm.
Really?