Mormont Enterprise's stock is currently selling for $286.00 per share. The company most recently paid a dividend of $5.50 per share, and the company's dividends are expected to grow at a constant rate of 4 percent per year in the foreseeable future. If the prevailing real rate of return is 1 percent, and the risk-premium on Mormont Enterprise's stock is 3%, what is the expected rate of inflation?