Yep, it doesn't work that way. First, the US isn't a big trader relative to the size of the economy. Second, depreciation doesn't passthrough to inflation 1-to-

Yep, it doesn't work that way. First, the US isn't a big trader relative to the size of the economy. Second, depreciation doesn't passthrough to inflation 1-to-1. Three, because of the relative size of the US economy and the international use of USD, US imports are generally not sensitive to exchange rates in the way that you see in other countries. Btw, I live somewhere where the currency has depreciated significantly, and we import almost double what the US does...prices go up a little but not much. And for most people, the difference is just zero (the difference for companies is often not zero...companies are often constrained in how they change prices, which is the reason for a lot of the point above, so they end up taking a lot of cost changes to their profit).