According to a recent study by DBS and the SMU Sim Kee Boon Institute for Financial Economics (SKBI), Singaporeans' overall inflation expectations in the next one year has increased to 3.1%. The latest DBS-SMU SKBI Singapore Index of Inflation Expectations (SInDEx) Survey found that this is higher than overall projection reported in June, which was at 2.7%. SMU Assistant Professor of Finance and founding Principal Investigator of the DBS-SKBI SInDEx Project, Aurobindo Ghosh highlighted, “Responding to global cues like the energy shortages in China, pandemic induced global supply chain disruption including chip shortages and cyclical increase in energy and commodity prices, One-Year-Ahead inflation expectations among Singaporeans increased both in an aggregate sense and for major components like food, transportation, housing & utilities, and healthcare, among others.”

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