French grocery store to halt Pepsi sales over price rises

A French grocery giant will stop selling Pepsi products in France, citing "unacceptable price increases."

The supermarket started putting up signs in stores on Thursday to inform customers of the decision, which will affect products such as Pepsi soda, Doritos, and Quaker cereals.

The spat comes as France continues to grapple with food prices that are rising uncomfortably quickly.

The most recent report from the government statistics agency estimated that food prices rose 7.1% in December from a year earlier.

French Finance Minister Bruno Le Maire last year pushed major food companies to bring down prices, threatening special taxes on "undue" profits.