Tesco PLC’s Price War Shows Up In Official Inflation Statistics

There’s nothing phony about Tesco (LSE:TSCO) and the rest of the UK supermarkets’ fierce battle for survival against the hard discounters like Aldi and Lidl. In fact, their price cuts are driving down the inflation rate — and with no salvation coming from wage growth, we can expect the pressure on prices to continue.

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