The Edge

Singapore residents expect a slight increase in expenses over the next 12 months, according to the quarterly Singapore Index of Inflation Expectations (SInDEx) survey by SMU and DBS Group Research. The 54th edition survey shows one-year-ahead headline inflation expectations stayed at 3.8 per cent from September 2024 to December 2024. About 500 individuals representing various Singaporean households were surveyed. DBS co-sponsors the research with SMU’s Sim Kee Boon Institute for Financial Economics (SKBI). SMU Assistant Professor Aurobindo Ghosh noted that recovery from the pandemic has cemented some lifestyle changes, potentially affecting the cost of living.

DBS Group and SMU's Sim Kee Boon Institute for Financial Economics (SKBI) released the 53rd Singapore Index of Inflation Expectations (SInDEx) on 22 Oct. The survey, based on interviews with about 500 people, showed that inflation expectations for the coming year remained steady at 3.8% in September 2024, unchanged from June. Though inflation expectations have declined since June 2023, they remain above the 3.4% average since the index's launch in 2011. SMU Assistant Professor Aurobindo Ghosh, who is the founding Principal Investigator of the Quarterly DBS-SKBI SInDEx Project, noted that despite economic uncertainty, inflation expectations have stabilised, helped by the strong Singapore dollar.

Singaporeans believe that inflation will continue to drop over the year but at a less rapid pace, according to the Singapore Index of Inflation Expectations (SInDEx) survey. SInDEx is conducted by economists from the Singapore Management University (SMU), and partnered by DBS Group Research, and surveys around 500 individuals representing a cross-section of Singaporean households.