US consumer inflation 7.7% for past 12 months through October 2022

Solution:

1) Get rid of the current fiat monetary system and replace it with a monetary system based on the gold standard.

2) Stop increasing the national debt. With a gold standard-based monetary system, huge budget deficits are very difficult to run. The basic reason why the U.S. government has been able to run ginormous budget deficits in the 21st century is because the last link of the U.S. dollar to gold was severed in 1971.

From the story in AP:

"Consumer inflation reached 7.7% in October from a year earlier and 0.4% from September, the Labor Department said Thursday. The year-over-year increase, a slowdown from 8.2% in September, was the smallest rise since January. Excluding volatile food and energy prices, “core” inflation rose 6.3% in the past 12 months and 0.3% from September."

- rest of story here: US consumer inflation eased to 7.7% over past 12 months | AP News