Singaporeans expect headline inflation to fall to 3% this year, says poll

SMU and DBS have jointly published the findings of the latest quarterly survey for the Singapore Index of Inflation Expectations (SInDEx). The survey found that inflation in Singapore is expected to remain at low levels for the year, a trend which is consistent with the continuation of accommodating fiscal and monetary policy this year and the next. Aurobindo Ghosh, SMU Assistant Professor of Finance (Education) and founding principal investigator of the SInDex project, said it was "hardly surprising" that Singaporeans were "treading cautiously about future prospects of price changes". In general their inflation expectations "seem to be capturing the direction of movement better than the level of inflation", Asst Prof Ghosh added.

 

Source
The Business Times