Is Tesco gaining ground as food inflation edges higher?

  • Citi has given Tesco PLC (LSE:TSCO) a fresh vote of confidence following the latest round of industry data, arguing that the UK's biggest grocer is set to keep winning market share even as food prices rise. The American bank's team points to the latest Kantar figures, which showed grocery inflation picking up to 5.2% in the four weeks to mid-July, up from a 4.2% twelve-week average.