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.
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.