What kind of equities should I own if inflation is rising?

During nearly every client conversation over the past few weeks, there has been some mention of inflation. One camp thinks that significant fiscal stimulus has pushed us to the cusp of a new inflation regime, whereas others believe that structural forces like technology adoption and income inequality will prevent inflation from becoming a problem in the long-run. It is impossible to know which of these views will prove to be correct, but good investors play the hand they are dealt. This begs the question of what types of equities tend to do best against a backdrop of accelerating inflation.