Another round of cigarette price increases set to begin
Another round of cigarette price increases set to begin Richard Craver/Winston-Salem Journal May 14, 2015 (…) 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 c...
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