Local residents’ inflation expectations remain stable for 3 consecutive quarters

Singapore residents expect a slight increase in expenses over the next 12 months, according to the quarterly Singapore Index of Inflation Expectations (SInDEx) survey by SMU and DBS Group Research. The 54th edition survey shows one-year-ahead headline inflation expectations stayed at 3.8 per cent from September 2024 to December 2024. About 500 individuals representing various Singaporean households were surveyed. DBS co-sponsors the research with SMU’s Sim Kee Boon Institute for Financial Economics (SKBI). SMU Assistant Professor Aurobindo Ghosh noted that recovery from the pandemic has cemented some lifestyle changes, potentially affecting the cost of living.