The Singapore Index of Inflation Expectations (SInDEx) report, which is a quarterly survey released by the Sim Kee Boon Institute for Financial Economics at SMU (SKBI) and sponsored by MasterCard, gathered responses from a representative sample of 400 local consumers. It found that members of the public expect headline inflation to fall to 4.12 per cent from 4.37 per cent a quarter earlier. Core inflation is also expected to fall to 4.32 per cent, from expectations of 4.44 per cent in December last year.