Assume one year the basket of goods has a price level of $103, and the following year that same basket of goods is priced at $111. What was the rate of inflation over that year? Enter your answer as a percentage, rounded to two decimals, and without the percentage sign ('\%'). For example, if your answer is 0.123456, then it is equivalent to 12.35%, so you should enter 12.35 as the