Theres nothing phony about Tesco (LSE:TSCO) and the rest of theUKsupermarketsfierce battle for survival against the hard discounters like Aldi and Lidl. In fact, theirprice cuts are driving down the inflation rate and with no salvation coming fromwage growth, we can expect the pressure on pricesto continue.
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.