"Inflation and devaluation are exactly the same things."
Sorry but that s not true. Devaluation is a complex issue whose effects upon the internal prices they maybe in different stages of development, or they may differ in terms of the size and relative weigh of their nontradable sectors and so on. In certain circumstances, importers may even decide not to pass on their extra costs. In short, the transfer mechanism between devaluation and inflation is not automatic.
A devaluation is typically prescribed as a means of gaining competitiveness against the rest of the world or, if you prefer, to expand exports and curb imports. In certain cases, it may lead to what is called a beggar my neighbour policy: This is, an economic policy that seeks to promote a country's economy at the expense of another country. country to country",
In the short run inflation may actually be even a good thing.
"Phillips Curve1 March 2023 by Tejvan Pettinger
The Phillips curve suggests there is an inverse relationship between inflation and unemployment.This suggests policymakers have a choice between prioritising inflation or unemployment. During the 1950s and 1960s, Phillips curve analysis suggested there was a trade-off, and policymakers could use demand management (fiscal and monetary policy) to try and influence the rate of economic growth and inflation. For example, if unemployment was high and inflation low, policymakers could stimulate aggregate demand. This would help to reduce unemployment, but cause a higher rate of inflation. In the 1970s, there seemed to be a breakdown in the Phillips curve as we experienced stagflation (higher unemployment and higher inflation). The Phillips Curve was criticised by monetarist economists who argued there was no trade-off between unemployment and inflation in the long run"
