In the US, the interest rate on government bonds now rises from 1.80% at five years to 2.86% for 10-year bonds and 3.70% for 30-year bonds. Comparing these interest rates with the yields on government inflation-protected bonds shows that the corresponding implied inflation rates are 0.9% for five years, 1.3% for 10 years and 1.7% for 30 years.