Yes that makes sense on discretionary spending of imported good. But also there's will be increase in money within the economy which will lead to higher demand for non discretionary spending which means these prices increase leading to higher inflation. Note at some point into the future demands = supply and therefore the economy becomes balanced or in equilibrium again. How long this takes is unknown. Also, it will discharge people who have cash savings as their savings will but much less during the initial inflationary period.