Overall consumer prices and aggregate demand were virtually unaffected by QE. All the individuals who, for ideological reasons, believed QE would be inflationary got wiped out.
Peter Thiel's hedge fund, Clarium Capital, lost huge amounts of money on such a bet.
If you use the original definition of inflation, i.e., increase of the money supply, there has been massive inflation. It hasn’t resulted in a substantial increase in the consumer price index, but you can see huge increases in certain areas such as the stock markets, housing markets in certain areas, health care and education.
Stocks did increase quite a lot, as it generally tends to do over the course of the business cycle. Although, it generally was tracking actual profits up until recently (when the Fed was drawing down their balance sheet). It was tethered to real profits during the QE periods.
Peter Thiel's hedge fund, Clarium Capital, lost huge amounts of money on such a bet.