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The US's interest rate is 9% p.a. and Singapore's interest rate is 12% p.a.. The exchange rate of the two currencies is 2.78 Singapore

The US's interest rate is 9% p.a. and Singapore's interest rate is 12% p.a.. The exchange rate of the two currencies is 2.78 Singapore dollars per US dollar. Find the expected annual inflation rate for Singapore if the US's annual inflation rate is 6%.

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