"Carrefour Boycotts PepsiCo Goods in France Amid Price Hike Standoff"

Carrefour, France's largest supermarket chain, has stopped selling PepsiCo products, including Pepsi, Lay's, and 7-Up, due to what it considers "unacceptably" high prices amidst falling inflation rates. This action is part of a broader effort by French retailers, supported by the government, to pressure manufacturers into reducing food costs. Despite a general slowdown in inflation, food prices remain high, with a typical basket of groceries in France costing 7% more than the previous year. The French government, including President Macron, is actively seeking a reduction in food prices to alleviate the cost-of-living crisis, with Macron calling for a 5% decrease to reflect the drop in raw material costs. Other French retailers may follow Carrefour's lead, as the issue of high food prices persists in the country.