According to the latest Singapore Index of Inflation Expectations (SInDEx) by SMU, consumers expect overall inflation to stand at 3.53 per cent this year. The public also expects a lower core inflation rate of 3.61 per cent. Both the overall and core inflation expectations are at their lowest levels since the SInDEx survey started in September 2011. Programme Director of the Sim Kee Boon Institute for Financial Economics at SMU and Assistant Professor of Finance Aurobindo Ghosh attributed this to the recent moderation in accommodation prices and private car prices in Singapore, exacerbated by the slump in oil prices which has dampened imported inflation.