Most Singapore households expect inflation to rise over next year: survey
But fewer households expect finances to worsen over the coming year.
Most Singapore households anticipate domestic and global economic factors to lift inflation over the next year, despite geopolitical uncertainties and trade policy concerns, according to a DBS and Singapore Management University survey. Headline inflation expectations for the coming year remained steady at 3.4% in September, unchanged from June.
While 87.1% of respondents expect inflation to rise, only 3.9% predict it will fall. Core inflation expectations, excluding accommodation and private transportation costs, increased to 3.6% from 3.4% in June. Among those expecting higher inflation, 59% cited geopolitical uncertainties as the primary reason, with trade policy uncertainty and supply chain disruptions also mentioned.
However, fewer households anticipate their financial situation worsening, with the proportion of respondents expecting a deterioration in household finances falling to 38.6% from 46% in June.
Written by urgent.news from The Business Times - Singapore's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- Most Singapore households expect inflation to rise over next year: survey businesstimes.com.sg
