According to the results of a survey by SMU, Singapore households expect inflation to rise over the next 12 months due to local price pressures. The one-year-ahead inflation expectations of Singapore households has inched up to 3.73 per cent from 3.66 per cent in June, SMU said in a statement, adding that it was the first rise in nearly two years. In Singapore, rents and tight labour market conditions have continued to put an upward pressure on prices, it said. Lower imported inflation, including lower global crude oil prices, seems not to have substantive downward impact on reducing the perceptions of future inflation expectations, SMU said.