DBS-SMU survey: Inflation expectations from local residents have climbed from historical lows

According to the latest Singapore Index of Inflation Expectations (SInDEx) Survey conducted by DBS and SMU, local households expect that inflation will hit 2.2 per cent this year, up from the 1.9 per cent estimate in a September poll. SMU Assistant Professor of Finance (Education) Aurobindo Ghosh, who led the survey, said the availability of vaccines has led to a belief that the end of the pandemic could be drawing near. He added that the Brexit deal, a change in regime in the United States and the Regional Comprehensive Economic Partnership treaty have resulted in renewed prospects of global recovery.