Source: Richard Craver, WINSTON-SALEM JOURNAL, 9/21/17


Cigarette manufacturers are again testing the elasticity of their customers’ disposable income in a sluggish economy.
This time, Philip Morris USA and R.J. Reynolds Tobacco Company are raising their traditional cigarette list prices Sunday by 10 cents, up 3 cents from the typical price hike, according to Wells Fargo Securities analyst Bonnie Herzog. The increase includes top-selling Marlboro and Reynolds’ Newport, Camel and Pall Mall.

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