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Taylor Swift and the Eiffel Tower with Olympic rings
Pierre Crom/Getty Images; Neilson Barnard/Getty Images for The Recording Academy; BI

Mega-events, like Taylor Swift shows and the Olympics, could distort headline inflation figures, UBS said.

  • Global inflation could see a resurgence as the Olympics and Taylor Swift concerts drive demand.
  • Mega-events tend to spike hotel and transportation costs, UBS said.
  • Inflation in Europe and the US has cooled, but central bankers are still wary.

Global inflation could see a fresh resurgence thanks to a spending spree fueled by Taylor Swift concerts and the Olympics, UBS said.

The European bank warned that the two "mega-events" could create a sudden demand shock among consumers due to crowds rushing to Europe to see the sporting events and Swift's hugely popular shows.

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economy, taylor-swift, Olympics, Inflation, economy, us-economy-and-markets, inflation-outlook, fed-interest-rates, fed-rate-cuts, bi-illustration, rebecca-zisser
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Taylor Swift concerts and the Olympics could lead to a fresh surge in global in…