also dont forget when you the value of the american dollar
when you look at what you can get from imports with the value of the dollar, the prices in that foreign country could also be increasing, and are either gettin lesser or of equal value in return compared to buyin in-house.
Look at petrol/barrol for instance to prices at the petrol pump, a barol is like around US$103 dollar now and i dunno how much you guys pay at the petrol pump, due to your depreciating dollar, as your dollar value continue to slide, expect to pay more at the pump since most of you oil come from imports anyway.
The more you pay at the pump due to increase prices, is only pushing up inflation