I think it depends on what definition of inflation we use. Hulsmann defines inflation in this way:

"Inflation is an extension of the nominal quantity of any medium of exchange beyond the quantity that would have been produced on the free market. Since the expression “free market” is shorthand for the somewhat long-winded “social cooperation conditioned by the respect of private property rights,” the meaning of inflation is that it extends the nominal money supply through a violation of property rights. In this sense, inflation can also be called a forcible way of increasing the money supply, as distinct from the “natural” production of money through mining and minting. This was also the original meaning of the word, which stems from the Latin verb inflare (to blow up)."

So if it means a "forceful" way of increasing the money supply without other people being able to participate freely, it would be different than the money supply increase like it is for gold and Bitcoin.