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Your investments increased in value by 15.7 percent last year but your purchasing power increased by only 12.6 percent. What was the approximate inflation rate?

Your investments increased in value by 15.7 percent last year but your purchasing power increased by only 12.6 percent. What was the approximate inflation rate? (Enter your answer as a percent rounded to 1 decimal place. Omit the "%" sign in your response.)

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