"European Supermarkets Boycott PepsiCo Goods Amidst Soaring Prices"

Carrefour, a major global supermarket chain, has ceased selling PepsiCo products in its stores across France, Belgium, Spain, and Italy due to significant price increases on items such as Lay's, Quaker Oats, and Lipton tea. This move aligns with a new French law aimed at combating the cost of living crisis, which imposes heavy fines on supermarkets that fail to agree on prices with suppliers by a set deadline. PepsiCo, which has been raising prices for seven consecutive quarters, cites higher costs for grain and cooking oil as reasons for the hikes, while also noting that price increases should soon align with inflation rates, which have been falling globally.