SINGAPORE - Singaporeans believe overall or headline inflation will rise slightly to 3.2 per cent over the next 12 months.
The latest poll was conducted in September and led by SMU assistant professor of finance Aurobindo Ghosh. The quarterly online survey interviews around 500 individuals representing a cross-section of Singaporean households. The survey findings were released on Monday, a week after the Monetary Authority of Singapore announced it would reduce slightly the pace of appreciation for the Singapore dollar in its first easing in three years.
There is a natural tendency for survey-based inflation expectations measures to often be biased upwards despite adjustments, he added. This has been widely observed in survey-based methods in the University of Michigan Surveys of Consumers in the United States and, more recently, in New Zealand and Italy.Meanwhile, DBS chief economist and managing director of group research Taimur Baig said on Monday that inflation remains low worldwide, with Singapore at the centre of that narrative.
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