This is supply inflation, not price inflation.
Sorry for my lack of economic knowledge, but what is the real difference?
Supply inflation refers to new amounts of the currency being printed (in this case, mined).
Price inflation refers to the currency's price/exchange rate devaluing relative to other goods (price of goods go up) or currencies (demand for other currencies goes up), even if the supply of the currency in question remains the same.
It must be clear that currency inflation do not immediately become price inflation and the increase of currency do not translate in the same increase of prices.
This because where the money flow it is not the same.
For example: if the central bank create more USD and then loan to the bank and the bank give more mortgages to the people at lower interest rates, the price of the houses will increase first. Builders will get more money and they will start spend it is some way. With higher housing prices, builders will increase the rate of building and the prices of wood, sand, concrete, etc. will increase after the prices of housing. The price of bread would not increase until later, when the investments in producing foods will reduce, the people start spending the new currency units in food, cloths, etc. If people decided to save money, you could not see any price increase (apart for the housing bubble) for a few years. Until they start spending their savings.