Is this statement true?

Is this statement true?

All other things being equal
A countries currency will devalue at the rate of it’s inflation.

thanks
Brendon

Well, since inflation is by definition the measure of the decline of a currency in regards to its purchasing power, the answer is yes.

Inflation measures how much additional money is need to equal the buying power of a previous period. Maybe inflation will hit 5.8% this year, so 100 dollars last year would equal 105.80 this year.

But, there ae many causes of inflation. To ask your question is to simplify it too much.