a further depreciation in the purchasing value of the dollar naturally raises nominal prices, with some consequences.
but it is not a fundamental economic paradigm shift
indeed, it has been going on as a long-term secular trend for at least 100 years
The weaker dollar makes American goods and services more and more attractive. The more dollars we get, the more it goes up. And there is the pendulum effect of how the dollar works.
The worst thing for an economy, is an excessively strong currency.