The cost of living will just keep going up because inflation is necessary in our current, debt based monetary system.

You’re making this sound like it’s something that was arbitrarily decided by powers that be, but the fact is that if there was deflation instead, the economy would come to a screeching halt, because it becomes more ‘optimal’ to hold onto cash under a mattress (since in deflation, it grows in value over time) instead of spending it on goods and services.

A tiny amount of inflation is best long-term, for the whole.