The most effective way to fight inflation would be to raise taxes, deliberately try to force wages down, and to increase entry of additional workers (e.g. recruit immigration enough to make wages fall). Raising the retirement age, ending disability insurance and forcing under employed people (students, housewives, etc.) into the labor market would also increase the labor supply which will encourage lower wages. Falling wages reduces demand, which lowers prices.
While the above work as a matter of economics, they tend to get a failing grade in terms of sociology and political science, and are hard to implement in democratic (small D) societies.