Singaporeans' inflation expectations stay benign in March: poll

SINGAPOREANS generally expect overall consumer prices and core inflation - that is, price hikes outside of housing and private transport - to remain largely stable over the next 12 months.

Similarly, core inflation expectations for the year ahead came in at 3.1 per cent in the March poll, not much changed from the 3 per cent expected in the December poll.DBS chief economist and managing director of group research, Dr Taimur Baig said:"Amid slowing growth and uncertainty about the global demand outlook, inflation expectations appear broadly stable.

"We have observed that the impact of this declining growth and possible downturn is also felt in the decline in the yield spread of Singapore government bonds ." The DBS-SKBI SInDEx survey polls some 500 people representing a cross section of Singaporean households that are randomly selected. DBS is a co-sponsor and research partner with Singapore Management University , with bank economists joining their academic counterparts to analyse and interpret responses.

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