Public expect inflation to rise in the next year

A latest survey by the SMU Sim Kee Boon Institute for Financial Economics and MasterCard has indicated that households in Singapore expect inflation to rise in the next year, with headline inflation increasing to 4.45% and core inflation increasing to 4.39%. SInDEx5, an index which measures inflation expectations for the next five years, is also on the rise. It has risen from 4.97% in March to 5.08% in the June's survey. Headline inflation expectation has also increased from 5.20% to 5.37%.