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Transport defies easing trend as inflation expectations hit 3.5% in March

In the latest Singapore Index of Inflation Expectations (SInDEx) survey, conducted by SMU and DBS Group Research, 88.3% of Singaporeans anticipate a rise in inflation over the next year. This marks an increase from 83.4% in December 2025, with geopolitical uncertainties cited as a primary concern. The survey, led by SMU Assistant Professor of Finance (Education) Aurobindo Ghosh, involved around 500 participants and revealed that conflicts involving Hamas and Israel, Ukraine and Russia, and Iran and Israel are major factors influencing inflation expectations. Supply chain disruptions and trade policy uncertainties also contribute to these concerns.

Singapore Business Review

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