Survey shows Singaporeans worried about price hikes next year

A SMU-MasterCard Singapore Index of Inflation Expectations index revealed that Singapore households are worried that inflation would worsen in the coming year and expected prices to rise by 4.4 per cent next year. Respondents also expected an inflation rate of 5.08 per cent over the next five years. The joint survey by the two organisations was conducted in June and 400 households were polled online.