Suppose the spot and three$-$month forward rates for the yen are $79\mathrm{.}70$ and $79\mathrm{.}04,$ respectively. What would you estimate is the difference between the annual inflation rates of the United States and Japan? $($A negative answer should be indicated by a minus sign. Enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

Annual inflation rate differential

$\%$