The issue here is we actually don’t know how much inflation there is because we can’t measure the quantity of fiat, which is why there are dozens of “inflation measures” which just study different baskets
But yeah, if inflation could be measured correctly and everything automatically updated (wages, costs, etc) then I’m not seeing an issue logically. But at that point it’s just a fixed supply of money and prices adjust up and down, irregardless of currency type. That sound reasonable?