People's inflation expectations rise to 9-year high: Survey

The latest quarterly Singapore Index of Inflation Expectations (SInDEx) survey from DBS Bank and SMU found that people's expectations of how much prices will rise in the year ahead hit a nine-year high in March this year. The findings are in line with another survey by the Monetary Authority of Singapore (MAS), which indicates inflation remains a challenge this year. SMU Assistant Professor of Finance Aurobindo Ghosh, the founding principal investigator of the survey, said “Singapore being a small, open economy is vulnerable to all these risk factors.”