The second quarter one-year-ahead inflation expectations continue to be higher than the average expectations of 3.3% since the inception of the index between 2012 and 2022.
The one-year-ahead inflation is expected to hit 4.9% in June compared to 4.6% in March, according to the Singapore Index of Inflation Expectations (SInDEx) survey.
This is amid a continuing but slowing trend of increase in inflation expectations that started in December 2022. Divergent signals emanating from the global macroeconomy and from policymakers might be prompting variances in outlook in the perceptions of the consumers, the researchers note.
