According to the research findings of the latest survey for Singapore Index of Inflation Expectations by SMU, Expectations of inflation over one and five year horizons dipped moderately in June. “Although the decrease in inflation expectations for headline inflation is flattening, this is the lowest since the survey’s inception in September 2011. This significant downward trend has continued since September 2012. Compared to the historical average of 4.2 per cent and the second quarter average of 3.79 per cent, the current one-year-ahead inflation expectations show that Singapore households perceive improving overall price stability and the moderation of inflation following global cues,” noted the report.