Mastercard and the SMU Sim Kee Boon Institute for Financial Economics have jointly launched two indices, SinDEx1 and SinDEx 5, to measure inflationary expectations among households here. The developers hoped the Singapore Index of Inflation Expectations, to be updated quarterly, could be used to help policymakers forecast future inflation rates and formulate monetary policies accordingly. Till now, inflation forecasts released to the public are usually based on the predictions of professional economists. SMU President, Professor Arnoud De Meyer observed that inflation has been in the minds of many Singaporeans for the past one year and its movements affect how households, employers and central bankers make decisions. Hence, understanding how inflation expectation is formed and its impact on various economic decisions is instrumental in any discourse on economic policy.
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