The latest quarterly Singapore Index of Inflation Expectations (SInDEx) survey from DBS Bank and SMU found that Singaporeans' one-year-ahead inflation expectations reached 4.1% in March 2022 from 3.2% in December 2021, the highest since December 2012 when it posted above 4%. DBS and SMU also found that overall headline inflation expectations rose to 5.7%, from the 3.1% recorded in December 2021. This is after adjusting potential component-wise behavioural biases and re-combining across components.

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