According to the latest findings of the Singapore Index of Inflation Expectations (SInDEx), which was jointly developed by SMU Sim Kee Boon Institute for Financial Economics (SKBI) and MasterCard, Singapore consumers are expecting inflation to continue on a downward trend in the next one to five years amid slowdown in big emerging economies like China and Brazil and persistent weakness in the Eurozone. The study found that the headline inflation rate is likely to ease to 3.9 per cent, down from 4.1 per cent recorded in its earlier survey.