Singapore consumers expect inflation to go down in next 5 years

According to the latest findings of the SKBI-MasterCard Singapore Index of Inflation Expectations (SInDEx), Singapore consumers are expecting inflation to continue on a downward trend in the next one to five years amid slowdown in big emerging economies like China and Brazil and persistent weakness in the Eurozone. SMU Sim Kee Boon Institute for Financial Economics (SKBI) Programme Director and co-creator of the SInDEx, Dr Aurobindo Ghosh, added that macro-prudential policies like cooling measures for the property market and curbs on financing on private transportation, and gradual emphasis on individual deleveraging, seem to have an impact on the public's perception of overall inflation expectations.