Half of Singaporeans expect inflation to decline in the next 12 months

According to the Singapore Index of Inflation Expectations report [jointly compiled by the SMU Sim Kee Boon Institute for Financial Economics with DBS Group], more Singaporeans (50%) now expect inflation to decline in the next 12 months. In the December 2022 edition of the survey, only 41% believed that price pressures will ease within a year. According to the survey, consumers are now more positive about their inflation expectations because central banks in major economies are raising interest rates (41%), and there has been a slowdown in global growth (35%). The survey also found that consumers are divided on whether the current economic conditions will negatively impact one-year-ahead and five-year-ahead overall inflation.\