According to a survey conducted by the Singapore Management University (SMU), more Singaporeans are expecting the prices of essential items to increase over the next year.
The quarterly Singapore Index of Inflation Expectations (SInDEx) was originally developed by SMU’s Sim Kee Boon Institute for Financial Economics (SKBI) and MasterCard International to help researchers in analyzing the behaviour and sentiments behind decision makers in Singaporean households. 500 randomly selected individuals were surveyed, representing a cross section of the population.
The latest survey revealed that the expected One-year-Ahead headline inflation has climbed up to 3.73 percent — its first rise in nearly two years since 2012 — indicating that Singapore households are a little wary over possible price increases.
The One-year-Ahead Singapore core inflation expectations (excluding accommodation and private transportation related costs) have also risen to 3.95 percent, as compared to the 3.85 percent earlier in June.
Pass-through costs such as rental and tight labour market conditions have been putting upward pressures on prices in Singapore. Despite lower imported inflation including lower oil prices, perceptions of future inflation expectations have not changed.
Photo: Wikimedia Commons
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According to a survey conducted by the Singapore Management University (SMU), more Singaporeans are expecting the prices of essential items to increase over the next year.
The quarterly Singapore Index of Inflation Expectations (SInDEx) was originally developed by SMU’s Sim Kee Boon Institute for Financial Economics (SKBI) and MasterCard International to help researchers in analyzing the behaviour and sentiments behind decision makers in Singaporean households. 500 randomly selected individuals were surveyed, representing a cross section of the population.
The latest survey revealed that the expected One-year-Ahead headline inflation has climbed up to 3.73 percent — its first rise in nearly two years since 2012 — indicating that Singapore households are a little wary over possible price increases.
The One-year-Ahead Singapore core inflation expectations (excluding accommodation and private transportation related costs) have also risen to 3.95 percent, as compared to the 3.85 percent earlier in June.
Pass-through costs such as rental and tight labour market conditions have been putting upward pressures on prices in Singapore. Despite lower imported inflation including lower oil prices, perceptions of future inflation expectations have not changed.
Photo: Wikimedia Commons
Read Also:
Singapore's economy grew 2.4 percent in third quarter