Philip Morris US has joined R.J. Reynolds Tobacco Co. in implementing another round of price increases for its traditional cigarette brands. The list price hikes went into effect Sunday, according to Goldman Sachs analyst Bonnie Herzog’s analysis report sent to investors. It is the third per-pace price increase for Philip Morris USA this year for a combined 47 cents on top-selling Marlboro. The list price is what wholesalers pay manufacturers for their traditional cigarette products. The increase typically is passed on to customers at retail. Herzog’s reports are based on “industry trade contacts” that typically are accurate. Herzog reported the per-pack list price was raised by 16 cents for... [Read more]