According to the recent Singapore Index of Inflation Expectations conducted by SMU, Singapore's inflation expectations fell to its lowest, led by the government's property cooling measures and the stabilisation of car prices. The composite five-year-ahead Singapore Index of Inflation Expectations also reached a record low of 4.51 per cent from 4.56 per cent in 2013. "Property prices in Singapore have reacted to curbs in debt servicing ratios and a slight temporary increase in vehicle quotas has dampened car prices," said an Assistant Professor at SMU.