Inflation is the result of an increase in the money supply AND an increase in the velocity of money (i.e. how many times a dollar gets spent per month/year)
If gov gives everybody $10k but they put it in their mattress/pay down debt (i.e. don't spend….no velocity), you'll get little to no inflation. If everyone goes out and buys an item with a static supply (TP), prices inflate. You need both. Money supply and velocity.