Remember that inflation is measured year over year. So, if we had 7+% inflation again NEXT year, that'd be on top of the 7+% we had this year.
More likely is that we'll have ~4% inflation in 23 (per recent Fed projections), which still ain't good - but it's not gonna be 7% again year over year unless the wheels truly come off the cart. (Actually, with Brandon in charge, anything is possible..)
Inflation would have to come down about 5 points to get to 7%. “Real world” inflation is more like 12-15% recently (depending on the product(s)).