The Edge

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.