You misplaced the decimal point. It will drop until 0.95%
I crunched the numbers a few weeks ago:
https://steemit.com/steempower/@preparedwombat/the-steem-power-you-earn-for-holding-steem-power
At that point, the inflation rate was 8.7896516% but it would be a bit lower now. In my post, I showed how to calculate the current inflation rate.
Thanks for that!