SINGAPOREANS' headline inflation expectations for the year ahead declined slightly to 3 per cent in a June poll, down from 3.1 per cent in March, according to findings of the latest quarterly survey for the Singapore Index of Inflation Expectations (SInDEx) released on Monday by DBS and the Singapore Management University (SMU). Read more at The Business Times.
DBS and SMU added that there was a divergence of views among survey respondents on the pandemic's impact on overall inflation expectations, with about half the respondents expecting a positive impact, and the other half expecting a negative impact.
Core inflation expectations for the year ahead were lower at 2.8 per cent for a subgroup of the population who own their accommodation and use public transport, down from 2.9 per cent in March. Aurobindo Ghosh, assistant professor of finance at SMU's Lee Kong Chian School of Business and leader of the SInDEx survey, said it was"hardly surprising" that Singaporeans were"treading cautiously about future prospects of price changes".
The survey found that eight in 10 respondents believed that the Covid-19 pandemic's impact on inflation would be"significant", with 78.6 per cent saying it would have a significant impact on the economy. SMU's Sim Kee Boon Institute for Financial Economics principal researcher Thomas Lam said that the proportion of respondents in favour of preserving jobs and the economy was more than twice as large as those who valued unconditional public health measures.
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Singapore's headline inflation expectations fall to 3% for coming year: DBS-SMU pollSINGAPOREANS' headline inflation expectations for the year ahead declined slightly to 3 per cent in a June poll, down from 3.1 per cent in March, according to findings of the latest quarterly survey for the Singapore Index of Inflation Expectations (SInDEx) released on Monday. Read more at The Business Times.
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