The latest results from SMU’s Singapore Index of Inflation Expectations (SInDEx), which polled 500 consumers online in March, revealed that inflation expectations in Singapore have continued to slide from 3.52 per cent recorded in December last year to 3.05 per cent, the lowest since the launch of SInDEx in September 2011. Consumers had factored in global factors including persistently weak oil prices accentuated by the uneven global recovery, as well as domestic issues including the tight labour market and consequent pass-through of higher business costs to prices. SMU said: “Reacting to global cues, both the one-year and the five-year ahead, Singaporeans' inflation expectations saw the largest quarterly drop in headline inflation expectations despite an unscheduled loosening of the monetary policy in Singapore in January 2015.”