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implies not very much. Retail, consumer prices can rise proportionately more or less than the expansion of the money supply. Also matters how and where the new money enters the system.
An economist would say that its "velocity" determines to what extent an Ms increase translates into prices, and also real productivity improvements reduce them at the same time
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'The U.S. construction industry has faced its share of challenges in recent years.
Construction costs still sit close to 40% higher than in February 2020, before the onset of the COVID-19 pandemic. Meanwhile, labor shortages continue to negatively impact construction momentum, according to a recent Associated General Contractors of America report.'
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Nevertheless it HAS resulted in about 40% increase in consumer prices.
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40% debasement and ~ 40% price inflation?