For example, if you know that the real rate of interest is 3% and it is expected to remain constant for the next 3 years, inflation is expected to be 1.40% next year, 3.70% the following year, and 5.20% the third year, then the average expected inflation rate over the next three years is 1.00 +3.215.2015 - 3.43%. If also you can estimate that the maturity risk premium is 0.1 X