Inflation in Singapore is expected to remain unchanged for the year, with more Singaporeans believing Covid-19 will have a significant impact on inflation rates, according to the latest quarterly survey results of the Singapore Index of Inflation Expectations (SInDEx) published jointly by DBS Bank and SMU. DBS and SMU said tighter public health measures – under phase two and phase three (heightened alert) – and new virus variants may have outweighed the positives of Singapore's vaccine roll-out. The SInDEx survey was led by SMU Assistant Professor of Finance (Education) Aurobindo Ghosh. DBS Group Research is a co-sponsor and research partner, together with SMU's Sim Kee Boon Institute for Financial Economics.
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