According to SMU’s quarterly Singapore Index of Inflation Expectations survey, Singaporeans’ one-year-ahead median headline inflation expectations fell slightly to 2.93 per cent from June's 3.23 per cent, which are attributed to factors like declining private road transport inflation due to lower COE premiums, and a loosening labour market.

However, the current one-year-ahead median headline inflation is still lower compared to the historical mean headline inflation average of 3.46 per cent since September 2011), but higher than the recent third quarter average of 2.78 per cent.  In this survey, Singaporeans were polled on their views on expectations of inflation-related and asset management related variables over the medium term to long term.