The quarterly survey, now in its 51st edition, reported that one-year-ahead inflation expectations fell to 4.0% in March 2024 from 4.2% in December 2023. Although inflation is anticipated to fall at a slower pace following headwinds to global growth facilitated by supply chain disruptions, ongoing conflicts in Ukraine, and a strong US economy.
Singaporeans believe that inflation will continue to drop over the year but at a less rapid pace, according to the Singapore Index of Inflation Expectations (SInDEx) survey.
SInDEx is conducted by economists from the Singapore Management University (SMU), and partnered by DBS Group Research, and surveys around 500 individuals representing a cross-section of Singaporean households.
