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Nicoccino : Another round of cigarette price increases set to begin | 4-Traders

Another round of traditional cigarette price increases is set to begin next week, with Philip Morris USA leading the way with a 7-cent per pack increase. Philip Morris confirmed today that the 2 percent list-price increase begins Sunday on its core cigarette brands, foremost top-selling Marlboro. It also includes a 7-cent per on Marlboro snus. The list price is what wholesalers pay manufacturers for their products. The increases typically are passed on to customers. Wells Fargo Securities analyst Bonnie Herzog expects R.J. Reynolds Tobacco Co. and Lorillard Inc. to raise their core cigarette prices by a similar amount. Officials with neither manufacturer could be reached for immediate com... [Read more]

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