I would create a deposit account at the Fed for anyone who asks. Basic income deposits are created in the account periodically, say monthly. The payments and contents of the account are indexed to the inflating price of a basket of goods that you may customize. You may also direct other sources of income into that Fed deposit account, and thus index all your income along with the basic income.

This scheme would allow double counting where incomes can be double incremented. So be it. The point is to signal that unwanted inflation will be met with all the force necessary, indeed more than enough force so as to err on the side of increasing purchasing power only.

Then you disincentivize inflation pressures. You needn't raise prices out of fear that you will lose otherwise.