An Investment Offers A Total Return Of 14 Percent Over The Coming Year Bill Bern

An investment offers a total return of 14 percent over the coming year. Bill Bernanke thinks the total real return on this investment will be only 8.6 percent.

Required:What does Bill believe the inflation rate will be over the next year? (Do not round intermediate calculations.Round your answer to 2 decimal places (e.g.,32.16).)