OP I disagree with you.The inflation is a complex matter and influenced for various reason beyond just money printing. The reason of inflation side factors such as decrease of foreign Investment, consumer spending and internal speed less trade. Resource availability, production cost and policies of government also play significantly. On the other side economic policies as fiscal and finance, global economic commodity and trade prices are also influence the inflation.
Printing of money is not the only cause of inflation but their are other factors, but printing of money is of the major cause that can make the currency of a country to lose value drastically. And think this is also one of the reasons why the economy is seriously sinking this time. Normally before now the economy have not been in a good state because of mismanagement of funds and too much expectation. When a country currency is not valuable compare to other currencies that means the country is going to experience tough time.