The quarterly SInDEx puts less weight on more volatile components like accommodation, private road transport and food and energy-related expenses. It surveys some 500 individuals representing a cross-section of Singaporean households, which helps researchers try to understand the behaviour and sentiments of Singaporeans.
The One-year-Ahead headline inflation is expected to hit 4.6% in September due to heightened global uncertainty, compared to 3.9% in June — the highest recorded One-year-Ahead inflation expectations since December 2011 when it polled at 4.6%.
As anticipated, the survey result from the 45th edition of the Singapore Index of Inflation Expectations (SInDEx) is higher than the historical third-quarter average reading of 3.18% from 2012 to 2021.
