Suppose you are given the following information about U.S. Treasury Notes:

• A 5-year T-NOTE has a yield to maturity of 4.70%
• A 10-year T-NOTE has a yield to maturity of 4.65%

Suppose you are given the following information about U.S. TIPS Notes:

• A 5-year TIPS has a yield to maturity of 2.46%
• A 10-year TIPS has a yield to maturity of 2.29%

Calculate the 10-year break-even inflation rate using the approximate Fisher Equation. (Enter percentages as decimals and round to 4 decimals)