Even more relevant, the decline of the renminbi and other currencies in the past year has had very little impact on US import prices, because Chinese and other exporters price their goods in dollars and do not adjust them when the exchange rate changes. While official US data show overall import prices down 11% in the 12 months through August, this is almost entirely due to lower energy costs.
更重要的是，人民币和其他货币在过去一年中的贬值对美国进口价格影响甚微，因为中国和其他出口国的商品以美元定价，不会因为汇率变化而调整价格。美国官方数据显示，在截至今年8月的12个月中，总体进口物价下降了11%，但这几乎完全是因为能源成本下降所致。剔除能源产品后，进口物价只下降了3%。