The Bank of England has warned that inflation will rise sharply following Brexit and its Bank Rate cut, but so far the impact on headline inflation seems limited. However dig into the latest ONS figures and the picture already looks gloomy for certain sectors — most notably Tesco (LSE: TSCO) and the supermarkets.

One of our top analysts has put together a BRAND-NEW free report for 2016 called A Top Growth Share From The Motley Fool, featuring a mid-cap firm enjoying strong growth that looks set to continue. To find out its name and why we like it for free and without any obligations, click here now!

Owain Bennallack owns shares of Tesco. The Motley Fool UK has no position in any of the shares mentioned. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.