A country's currency suddenly depreciates, making imported raw materials significantly more expensive for domestic manufacturers. Assuming these manufacturers set prices as a consistent markup over their production costs, what is the most probable immediate impact on the prices of goods that rely heavily on these imported materials?
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A country's currency suddenly depreciates, making imported raw materials significantly more expensive for domestic manufacturers. Assuming these manufacturers set prices as a consistent markup over their production costs, what is the most probable immediate impact on the prices of goods that rely heavily on these imported materials?
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