SINGAPORE: Singapore’s inflation expectations for the year ahead held steady in December, with residents predicting a rate of 3.8%, consistent with the figures recorded in June and September 2024.
This comes as part of the latest findings from the Singapore Inflation Expectations Index, a joint initiative by DBS Group and the Sim Kee Boon Institute of Financial Economics at Singapore Management University.
The index also revealed an uptick in consumer price index inflation expectations, which rose from 4.1% in September to 4.4% in December 2024. This marks an increase in anticipated inflation, particularly in key sectors of daily life.
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