According to a survey conducted by SMU, overall inflation expectations in Singapore dropped to their lowest since three years ago due to property cooling measures and a temporary increase in vehicle quotas. The survey showed that the expectation for inflation over the next one year stood at 3.74 per cent in June, down from 3.80 per cent in December 2013. In a press release, the SMU said the reading was the lowest since the University began compiling the index in September 2011. The reading is based on an online survey of around 400 randomly selected individuals who represent a cross-section of Singapore households, SMU said.
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