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The phrase "containing inflation" is correct and usable in written English.
You can use it when you are trying to indicate that a particular situation or phenomenon includes or is caused by an increase in prices. For example, "The country's economy is suffering from an economic recession, containing inflation and high unemployment."
Exact(20)
The most important factor in raising our standard of living and containing inflation is productivity.
But whatever happens, we know from history that containing inflation is an urgent task.
The central bank has remained firm in its focus on containing inflation.
The government's chief worry, though, seems to be containing inflation and managing growth.
Mr. Greenspan "believes the path to containing inflation is through productivity," Mr Orr said, "and in order to assure its continued progress, growth and profits are the key".
In May, committee members recognized that maintaining the benchmark interest rate at a 40-year low "was inconsistent" with their goal of containing inflation over time.
Similar(40)
I replied: 'Promise to contain inflation'".
Whether China can contain inflation is unclear, analysts say.
The government is trying to contain inflation by squeezing credit.
While such a move can contain inflation, it can also squelch growth.
Its mandate commits it to contain inflation at a level of close to, but below, 2percentt.
More suggestions(15)
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com