Taylor Swift Eras Tour not alone in raising inflation [Video]

European Central Bank President Christine Lagarde said Tuesday that Taylor Swift’s Eras Tour is not alone in keeping inflation high across the euro zone.

Lagarde said that while services inflation remained sticky last month in the 20-nation bloc, coinciding with the European leg of Swift’s sell-out tour, it could not be attributed to just one performer.

“It’s not just Taylor Swift, you know,” Lagarde told CNBC’s Sara Eisen in Sintra, Portugal. “Others have come as well.”

Lagarde was responding to a question about whether Swift’s tour boosted services inflation, one of the ECB’s closely watched measures.

The economic impact of Swift’s sell-out tour has been well documented and comes amid concerns that central banks may not be out of the woods yet in their fight against inflation.

Terms such as “Swiftflation” and “Swiftonomics” emerged last year following a surge in spending on services such as hotels, flights and restaurants around her performances. …