Poll: Singaporeans expect overall consumer prices to stay flat

The survey found the expectation of cost increases unchanged at 3 per cent for healthcare and 2 per cent for food and utilities. Expectations for education were logged at 3 per cent, and for recreation at 2 per cent.
The survey found the expectation of cost increases unchanged at 3 per cent for healthcare and 2 per cent for food and utilities. Expectations for education were logged at 3 per cent, and for recreation at 2 per cent.ST FILE PHOTO

But they think core inflation, which excludes private transport and housing costs, could inch up

Singaporeans do not expect overall consumer prices to budge much in the next 12 months, but think that core inflation - which excludes housing and private transport costs - could still inch up.

People here figured that inflation would hit 2.85 per cent in the year ahead, the quarterly DBS-SMU Singapore Index of Inflation Expectations poll found last month. This was the third straight quarterly drop and a dip from the 2.88 per cent pinged by the previous survey three months prior.

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A version of this article appeared in the print edition of The Straits Times on January 22, 2019, with the headline 'Poll: S'poreans expect overall consumer prices to stay flat'. Print Edition | Subscribe