According to the latest findings of the SKBI-MasterCard Singapore Index of Inflation Expectations (SInDEx), which was jointly developed by the Sim Kee Boon Institute for Financial Economics at SMU (SKBI) and MasterCard, Singapore consumers are expecting inflation to continue on a downward trend in the next one to five years in Singapore and the region. This is partly due to moderation in imported inflation owing mainly to subdued demand and weak growth in regional economies such as China and India.