The Singapore Index of Inflation Expectations (SInDEx) report, released by the Sim Kee Boon Institute for Financial Economics at SMU and MasterCard, revealed that members of the public expect headline inflation to be 4.12 per cent. This is significantly lower than the 4.37 per cent gathered in December last year. Core inflation is expected to be 4.32 per cent, also lower than 4.44 per cent surveyed last December.