In countries where imports form a substantial part of household spending,major depreciations in the national currency:

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If a country's currency depreciates substantially, this means that imports become more expensive. Countries where imports form a substantial part of household spending would mean that consumers rely on imports for their daily needs. A major depreciation in the national currency would make it harder for them to access these goods as they would become more expensive, which could result in a decline in living standards.

In Countries Where Imports Form a Substantial Part of Household