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.
Last updated on 20 Apr 2018 .