According to the latest survey research findings of the SKBI-MasterCard Singapore Index of Inflation Expectations (SInDEx), Singapore households expect inflation to trend downwards in both one and five year horizons. The SInDEx, which was developed by the Sim Kee Boon Institute for Financial Economics at SMU (SKBI) in collaboration with MasterCard, is derived from an online survey of around 400 randomly selected individuals representing a cross section of Singapore households.