True for all national currencies but hardly for the world-reserve-currency. Here you have the following reality instead:
> generally as the supply of dollars goes up, the price of a loaf of bread goes hardly up in any noticable way, financial assets / Silicon Valley valuations / houses go up significantly (so the country thinks they got "wealthier"), and bread-loaf prices in USD-aligned weak-currency/underdeveloped/perpetually-"emerging" economies go up quite significantly
Not to worry, dollar supply inflation greatly delays consumer price inflation on your shores thanks to the massive oversupply of USD already circulating all over the globe, looking to find a way "home" ;)