Yes, it does, but from your side.
If you introduce more money into the system they will be absorbed to the point of between income and spending. A very simple example is why homes in areas with high income cost more ? Not because they're better or bigger homes, often it's quite opposite, but because there are money to pay for them.
Remove money - prices will go down, add more money prices will go up, what remains constant is price to earning ratio in the region.