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Singaporeans expect higher prices amidst trade tensions

17 Apr 2018

The Singapore Index of Inflation Expectations by the Sim Kee Boon Institute for Financial Economics at SMU indicates that Singaporeans’ one-year-ahead median inflation expectations rose by 50bps from 2.97% in December 2017 to 3.43% in March 2018. This is due to a faster rate of normalization of US monetary policy and a heightened threat of a trade war among US and major economies. The survey noted that compared to the historical median headline inflation expectations average of 3.44%, the current one-year-ahead median headline inflation is till marginally lower. However, it is still marginally higher than the recent first quarter average of 3.41% for the one year ahead headline inflation expectations.

Source: 
Channel 8
Singapore Business Review Online

Last updated on 20 Apr 2018 .