According to SMU's latest Singapore's Index of Inflation Expectations, inflation expectations in Singapore fell to their lowest. This was helped by the government's property cooling measures and the stabilisation of car prices. "Property prices in Singapore have reacted to curbs in debt servicing ratios, and a slight temporary increase in vehicle quotas has dampened car prices. We see this reflected in the moderation of overall inflation expectations," said SMU Assistant Professor of Finance and Programme Director of the Sim Kee Boon Institute for Financial Economics, Aurobindo Ghosh. However, he also quoted the Monetary Authority of Singapore as saying that it has projected an upward pressure on the core inflation due to a tight labour market and other pass-through costs.