Another source of inflation is increasing wage & benefit demands, especially from large middle or lower classes who want to afford to consume more because they value the greater consumption as an important part of life, a noble and intrinsically morally good goal of bettering one’s self through self-determined hard work such that the value of your labor and skill increases over time.
In direct response to large classes of workers demanding more pay & benefits, companies will raise their prices to pay for those increases, again totally regardless of whether a stock market exists.
I think really inflation is a side-effect of nature, and thinking along the lines of how to long-term control or remove it is counter-productive, compared with accepting that it is inevitable and then trying to come to terms with living in the future world that this implies.