Inflation expectations rise to 2.7%: SMU survey

Singapore

INFLATION expectations in Singapore inched up to 2.7 per cent from a five-year low of 2.63 per cent recorded in September 2016, a December 2016 survey by Singapore Management University (SMU) showed.

The new one-year-ahead median inflation is still lower than its historical average of 3.5 per cent and the more recent fourth quarter average of 2.72 per cent, the latest survey for Singapore Index of Inflation Expectations (SInDEx) found.

Consumers polled in December 2016 were swayed by weakness in global growth, exacerbated by the uncertainties of global trade in the US and eurozone following the unexpected US presidential election o…