According to the latest Singapore Index of Inflation Expectations (SInDEx) by SMU, consumers polled in December expected overall inflation to stand at 3.53 per cent this year. SMU said: "Compared to the historical headline inflation expectations average of 4.11 per cent and the historical fourth quarter average of 4.08 per cent, the current one-year-ahead headline inflation expectations show that Singapore households are cognisant of the global conditions, and responding to price experiences, official communications, and release of aggregated data from policymakers." The latest quarterly online poll of around 500 consumers also found that the public now expects a lower rate of core inflation, which excludes accommodation and private transport costs.