https://www.macrotrends.net/2488/sp500-10-year-daily-chart
Money is created by the central banks but it doesn't instantly appear in people's pockets as cash. That would be required to create instant consumer inflation but the path is much more winding than that.
The money goes into the financial system primarily via banks and bond purchases. CBs buying up debt then gets translated into share buybacks, share buybacks push up stock prices, higher stock prices make the middle class feel more wealthy and so they spend more on middle class things like houses, pushing up house prices, higher house prices get translated into more income going to builders and builders buy things at the store. Traditional measures of inflation like bread or chocolate bar prices are at the end of a very, very long pipeline of money.