Households expect higher inflation: survey

According to the latest SMU-MasterCard Singapore Index of Inflation Expectations index, responses from 400 households polled online in June suggested that Singapore consumers expect inflation of 4.4 per cent over the next year, after expectations fell to 4.2 per cent in the March survey from 4.6 per cent in December. Aurobindo Ghosh, the index's co-creator and programme director at the SMU Sim Kee Boon Institute for Financial Economics, pointed out that this fourth edition of the survey has a couple of implications.