According to the research findings of the latest quarterly survey for Singapore Index of Inflation Expectations (SInDEx) by SMU, domestic pass-through price pressures have pushed up both the headline inflation rate (CPI-All Item) and core inflation rate expectations for the first time since September 2012. The survey also found that the one-year-ahead inflation expectations of Singapore households has inched up to 3.73 per cent from 3.66 per cent in June. "Recent moderation in accommodation prices and private car prices in Singapore, together with subdued global and regional economic conditions, seem to have brought down the current CPI-All inflation rates to very low levels. However, the Monetary Authority of Singapore recently projected that there might be an upward pressure on the Singapore core inflation, possibly from the tight labour market and other pass-through costs. The elevated inflation expectations, including the headline inflation rate, is likely due to behavioural biases in survey-based data which might cause respondents to over emphasise price rises in everyday items, while ignoring big ticket items," said SMU Assistant Professor of Finance and Programme Director of the Sim Kee Boon Institute for Financial Economics, Aurobindo Ghosh.