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Geopolitical conflicts fuel inflation concerns; local consumers expect the inflation rate to rise to 3.4% over the next year

DBS Group Research and SMU’s Sim Kee Boon Institute for Financial Economics (SKBI) released the latest Singapore Index of Inflation Expectations (SInDEx) which showed that households in Singapore have modestly raised their expectations for near-term price increases, driven by mounting global uncertainties, supply chain disruptions and the spectre of new tariffs. The one-year-ahead headline inflation expectations climbed to an average of 3.4% in June, from 3.3% in March.

Source
shicheng

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