Was Taylor Swift Behind the U.K.'s Hot Inflation Last Month?

U.K. services inflation in June exceeded expectations, with hotel prices rising 8.8% from the previous year and live music prices increasing by 7.5%. This resulted in a 2% rise in the overall consumer-price index, slightly above economists’ predicted 1.9% increase and in line with the Bank of England’s target rate. Some analysts have attributed the unexpected rise to a particular event, although details were not provided.