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Suppose the U.S. T-bills is 4.53% annually and the U.S. inflation rate is 3.55% annually. If the shor-term Australian government securities is 6.68% per year,

Suppose the U.S. T-bills is 4.53% annually and the U.S. inflation rate is 3.55% annually. If the shor-term Australian government securities is 6.68% per year, what is the inflation rate in Australia. Please use the approximate (not exact form) international Fisher effect for this question?

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