A question to our economist members

US Dollar is sky rocketing against most currencies.. but at the same time prices here are also skyrocketing.. I thought if the national currency is strong then
prices should go down with near zero inflation. But prices, from real estate to real potatos are almost doubling everyday.. What's going on?

Beja said:

...from real estate to real potatos are almost doubling everyday...

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??
Ha ha ha... A great description of the current situation.

I certainly am not an economist, but my sense is that this would be the case if you used materials imported from places that used the other currencies (in an ideal world). This chain would take place: more prime materials > increase in production > increase in abundance of the final product > negative inflation. But as said this would take place in an ideal world. Since though everything depends on energy and the conflict in Ukrania has sky rocketed its price, maybe the price of production of these prime matterials has also taken the ascending way. One has to take under notice also the transportation which uses petrol (also sky rocketing). One has to take under notice also a possible forbidding decision of the American Government in the imports to prevent negative inflation and also, at last, inflation driven by speculators.

Thanks hatzisn,
Say for example a while ago $1 = 6 Chinese Yuan , and I bought a t-shirt for $1 from China, I sold it in US for $1.50 and made 50 cents profit.
Today $1 = 12 Chinese Yuan so I can buy 2 t-shirts for the same price $1.00, Now I can sell it for $0,80 and make
almost the same profit.. but what I see today is that the t-shirt is sold for $3.00. Can you see this?
On the other hand, the increase in USD should balance the increase in international logistics costs.,

Beja said:

But prices, from real estate to real potatos are almost doubling everyday.. What's going on?

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https://babylonbee.com/news/biden-says-the-economy-is-as-vibrant-and-healthy-as-he-is

The cost of life... raising..

The "value" of currencies... is not the "only" mark-point... but we must also see-check the abundance of raw materials...

For example first we must "eat"... or better... first must have production... and then sell it...

I'm not economist but I like investing and try to learn and understand economic influences.
This is my brief understanding what is currently happening.

Because of the monetary policies we have inflation (to much money in the market).
To curb inflation Federal Reserves is raising interest rates and is more aggressive then other places in the world.
This makes some investors to pull money out of the other markets as they can get better return on dollar by investing in government bonds.
The inflow of the money from other currencies and even other investments into bonds is making dollar stronger.
As there is no benchmark to measure currencies, currencies are measured against other currencies every time you have outflow of money from one currency into another currency this will spike value of currency that is in demand.

To answer post#4
Why you are seeing prices go up is because rate of inflation is higher then increase in value of the dollar.
I think we would need to see interest rates outpace inflation rate to stop seeing rise in prices in near term. Inflation is around 8% and interest rates are around 4%.
In the long run lowered interest rates may work too but it just may take more time to see slowdown.

EDIT:
I misread post #4 first time around. So my answer above in relation to post 4 is not accurate.

Beja said:

But prices, from real estate to real potatos are almost doubling everyday.

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OH I thought that was the normal day over every one since WW2.......and/or mine since 1970.

My take would be that Roosevelt suspended the gold standard and :

Why did Richard Nixon remove the gold standard?
When and Why Did Nixon End the Gold Standard? President Richard Nixon closed the gold window in 1971 in order to address the country's inflation problem and to discourage foreign governments from redeeming more and more dollars for gold.

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AND
Who first abandoned the gold standard?

Image result for who dropped the gold standard
Great Britain became the first to drop off the gold standard in 1931. Other countries soon followed.

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AND
What is U.S. dollar backed by?

In contrast to commodity-based money like gold coins or paper bills redeemable for precious metals, fiat money is backed entirely by the full faith and trust in the government that issued it. One reason this has merit is that governments demand that you pay taxes in the fiat money it issues

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What's described in #7 has to be the scaryest way of measuring value : counting the tokens.

find and read this its interesting historically relating to the fantasy of governments that they can control human behaviour:

Lords of Finance