You got it exactly. When your government increases your money supply by 40% price pressure is eventually going up (albeit not linearly, and with a short delay).

Add to this the tendency of all currencies to lose value over time, and it's a wonder people don't actively try to hold as little cash as is feasible.

That and the risk that trade with some countries may be at risk. I've been stocking up on things made in China as it will take time to ramp up manufacturing in Mexico, or at least I've heard that was the plan.