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You observe that the inflation rate in the US is 3.53% per year and that US T-bill is 5.31% annually. Using the approximate international Fisher

You observe that the inflation rate in the US is 3.53% per year and that US T-bill is 5.31% annually. Using the approximate international Fisher effect, what do you estimate the inflation rate to be in Australia if short term government securities is 6.01% per year.

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