BOP and monetary policy - clarification needed

I understand how this works…but just want to clarify how the rising inflation and increased imports go together…I get how due to economic growth via the expansionary policy, people are importing more…but doesn’t the increased inflation also cause the domestic currency to depreciate to other currencies (relative PPP) and because of this exports would increase and imports decrease…wouldn’t the capital account therefore more or less net to zero? does this play into this scenario?..