Demand for the essentials - things that are still going on now - should remain about the same. People still need to eat, they still need to pay rent, and they still use energy. That kind of demand shouldn't go up just because some of us will have more disposable cash. You won't eat at a restaurant, but you'll still consume food. I'll be using the money I save to pay down debt, and I'll bet I'm not alone in that.
The money being created by the government is, hopefully, going to go to people to replace their lost income, so they can continue to pay for rent, food, and utilities. This isn't like other rounds of stimulus, where people were given checks in hopes that they would just buy whatever, like the Dubya rebates. There isn't much fun stuff to buy right now anyway, with stores closing.
With the huge loss of demand that comes with high unemployment and recessions, inflation just isn't a worry. We still produce plenty of the essentials, and production of the things we are short of right now will ramp up soon.
