It's not causing cousumer price inflation, but it definitely is causing price inflation in other parts of the economy (equities, real estate, startup valuations etc.).
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-...