Published Quarterly Journal of Economics Online 9 Jun 2025 Published Oct 2025Are Inflationary Shocks Regressive? A Feasible Set ApproachFelipe Del Canto · John Grigsby · Eric Qian · Conor WalshThe paper asks whether inflationary shocks are regressive, and demonstrates that the answer depends critically on the source of the shock. A single aggregate inflation statistic conceals radically …