Break$-$Even Inflation rates are commonly quoted as long$-$term inflation measures for the US and other countries. These have changed significantly over the last year as the Fed has tightened monetary policy conditions. This has also changed inflation expectations as measured by Break$-$Even Inflation measures.

The following data is for early $2023,$ please use this data for this problem.

The US $5-$year nominal yields and TIPs yields $($a measure of the "real" yield$)$ are:

Current $5-$year nominal and real $($TIPs$)$ yields: $3\mathrm{.}93,1\mathrm{.}59$

Year$-$ago $5-$year nominal and real $($TIPs$)$ yields: $1\mathrm{.}21,-1\mathrm{.}95$

Current Break$-$Even Inflation rates are Blank $1.$ Fill in the blank, read surrounding text. $.$ One year ago they were Blank $2.$ Fill in the blank, read surrounding text. $.$ By this method, $5-$year Inflation Expectations have decreased by Blank $3.$ Fill in the blank, read surrounding text. percent. Enter your answer to $2$ decimal places AND INCLUDE A ZERO FOR THE FIRST DECIMAL, example $0\mathrm{.}95$ NOT $\mathrm{.}95$