Consumers expect lower inflation

According to the latest findings of the SKBI-MasterCard Singapore Index of Inflation Expectations (SInDEx), jointly developed by SMU and MasterCard, Singapore consumers think that prices of goods and services will rise more slowly over the next one to five years. They also think that core inflation a year from now will reach a new survey low of 4.05 per cent, down from the 4.32 per cent they estimated in March. Core inflation excludes accommodation and private transport costs.