Singaporeans' Expectations of Inflation for the Year Continue to Ease to 4.2%: SInDEx
Singaporeans continue to believe that inflation will drop over the year, according to the quarterly Singapore Index of Inflation Expectations (SInDEx) survey. Headline inflation expectations dipped to 4.2% in December 2023 from 4.5% in September 2023, a downward trend that started in March last year.
This is due to global cues of dampening global growth, and a moderating inflationary environment, the survey finds. However, the inflation expectations for the year ahead polled last quarter stands higher than the average 3.3% since the index was created in 3Q2011.
Singaporeans continue to believe that inflation will drop over the year, according to the quarterly Singapore Index of Inflation Expectations (SInDEx) survey. Headline inflation expectations dipped to 4.2% in December 2023 from 4.5% in September 2023, a downward trend that started in March last year.
This is due to global cues of dampening global growth, and a moderating inflationary environment, the survey finds. However, the inflation expectations for the year ahead polled last quarter stands higher than the average 3.3% since the index was created in 3Q2011.
Singapore Seeks Views on Governance Framework for Generative AI
The Singapore government on Tuesday (Jan 16) launched a public consultation on a proposed framework to govern generative artificial intelligence (AI).
The Infocomm Media Development Authority (IMDA) said the consultation on the Model AI Governance Framework for Generative AI was jointly released with the AI Verify Foundation to seek views from the international community. It will close on Mar 15, 2024.
The public consultation follows a discussion paper on generative AI which was jointly published in June 2023 by IMDA, software company Aicadium and the AI Verify Foundation. Discussions and feedback on this have been “instructive”, said the authority.