Singapore's inflation may remain elevated for years to come: survey

Singapore's inflation may remain elevated for years to come, according to a survey by SMU where it forecasts an inflation rate of close to 5 per cent in 2017. The online survey was derived from around 400 randomly selected individuals from Singapore households. It was conducted jointly by the Sim Kee Boon Institute for Financial Economics (SKBI) at SMU and MasterCard. SKBI Programme Director Aurobindo Ghosh said: "People are always concerned and they don't always see very clearly what will happen five years later. They will have to rely on media for example, they have to rely on how things are looking, their confidence level. So, we are not going to put too much money into the fact that it is going to be 5 per cent five years later. It might really come down if the conditions actually improve. So, these are perceptions."