Local residents' predictions for the overall inflation rate for the next year have declined for three consecutive quarters. According to the Singapore Index of Inflation Expectations (SInDEx) Survey jointly published by DBS Group and SMU’s Sim Kee Boon Institute for Financial Economics (SKBI), in March this year, local residents' predictions for the overall inflation rate for the next year decreased from 4.2% in December last year to 4%, although the decline has slowed down.
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