From The New York Times:
Antonio Rodriguez-Lopez, assistant professor of economics at the University of California, Irvine …. Prices should be lower thanks to the weak euro makes sense …. It will only cause, on average, a 1 or 2 percent decline in the United States prices of imported goods after a 10 percent dollar appreciation.

For the full story, please visit http://www.nytimes.com/2015/01/16/business/in-the-falling-euros-shadows-bargain-hunting-for-luxury.html?_r=0.