Weak Peso with High Inflation Good for the PH Economy?

A weak peso with high inflation rate is constricting small businesses.

With strong dollars, the cost of raw materials increases. Labor and local materials are pressured to catch up with the diminishing effect on value of inflation resulting in the demand for higher wages and expensive local inputs. Furthermore, inflation reduces the local buying power.

As a small size producer/manufacturer for the local market,  I can't see how a weak peso with high inflation rate be a good for our business.