Increasing the money supply isn't inflation.

In economics, inflation is a sustained increase in the general price level of goods and services in an economy over a period of time. It can be defined as too much money chasing too few goods. When the general price level rises, each unit of currency buys fewer goods and services. Consequently, inflation reflects a reduction in the purchasing power per unit of money – a loss of real value in the medium of exchange and unit of account within the economy.

Anyway, it's an empirical verified fact: there were no inflation.

People have been claiming fire for more than a century, after the end of the golden pattern. But we are still here, much better than our grandfathers.