No. Look at the papers about QE from the financial crisis. Increases in bank reserves had very little effect on consumer price inflation. Even with large scale monetary intervention, we haven't seen significant inflation in any developed economy in decades. There are many reasons for this (decreased wage-push inflation from weaker labor unions, wealth inequality, trade, structural and demographic factors, etc).
Someone else on this post commented on the potential for a bifurcated inflation system, where some goods and services (and assets) are sensitive to local currency, inequality, and labor market conditions and others (e.g. imported goods) are more sensitive to other factors. This is a reasonable hypothesis but last I checked the evidence is not all there yet.
Someone else on this post commented on the potential for a bifurcated inflation system, where some goods and services (and assets) are sensitive to local currency, inequality, and labor market conditions and others (e.g. imported goods) are more sensitive to other factors. This is a reasonable hypothesis but last I checked the evidence is not all there yet.