Has purchasing power declined due to money printing?

Average price of a new car in 1970: $3,450
Average hourly earnings: $3.23
1068 hours of labor required to purchase.

Average price of a new car today: $48,000
Average hourly earnings $34.55
1389 hours of labor required to purchase.

*30% loss of purchasing power.
(But net "money printing" has increased by $34 trillion.)

Average price of a new car in 2019: $38,948
Average hourly earnings in 2019: $28.37

1372 hours of labor required to purchase.
A loss of only 1.2%