Yes, it's a mystery why this isn't causing huge inflation. Nonetheless, the indisputable fact of the matter is that it isn't.
Between 1980 and 2000, California median home prices increased at a rate of less than 1% a year [1]. Over that same period many states saw price drops in real estate.
In Southern California between 2000 and today, house prices increased at an average of about 5% a year [2].
Even health care is only going up at about 5% a year on average. Tuition is going up at about the same rate.
None of this is even remotely in the same ballpark as hyperinflation.
[1] https://www.cnbc.com/2017/06/27/how-much-housing-prices-have...
[2] https://www.latimes.com/business/la-fi-southern-california-h...
[3] https://www.kff.org/other/state-indicator/avg-annual-growth-...