There was certainly inflation of that order over that period but Carter gets too much of bum rap in my opinion. The quadrupling of oil prices overnight had a profound effect on the economy and inflation. Of course many claim that Paul Volcker was the one that drove inflation down and ascribe that as a victory for Reagan even though it was Carter that appointed him in the first place. There were many other factors as well including the costs from the Vietnam War, successive dollar devaluations to name but two.
"Arthur Burns, the chairman of the Federal Reserve at the time, explained in 1974, the “manipulation of oil prices and supplies by the oil-exporting countries came at a most inopportune time for the United States. In the middle of 1973, wholesale prices of industrial commodities were already rising at an annual rate of more than 10 per cent; our industrial plant was operating at virtually full capacity; and many major industrial materials were in extremely short supply” (Burns 1974). In addition to these cost pressures, the US oil industry had a lack of excess production capacity, which meant it was difficult for the industry to bring more oil to market if needed (Alhajji 2005). Thus, when OAPEC cut oil production, prices had to rise because the American oil industry could not respond by increasing supply. Additionally, non-Organization of the Petroleum Exporting Countries (OPEC) oil sources were declining as a percentage of the world oil industry, and OPEC was therefore gaining a larger percentage of the world oil market. These market dynamics, matched with the effect of OPEC nations’ greater participation rights in the industry, allowed OPEC to wield a much larger influence over the price setting mechanism in the oil market since their formation in 1960 (Merrill 2007)."
https://www.federalreservehistory.org/essays/oil_shock_of_1973_74