The dollar has fallen pretty drastically against other major currencies since the start of the year. That is, this isn't loss of value in the rather abstract monetary inflation sense but "dollar is down 15% relative to euro in under a year" (that's a pretty rapid shift in such a short timeline).

Ok, so? That doesn't affect most of wage earning Americans. You are cherry picking something to generalize everything being bad.

A decline in the dollar absolutely does impact most wage earning Americans. Those wages are being paid in dollars! A decline in the dollar on that scale will tend to lead to higher price inflation.