Traditional cigarette prices increased for third time in 2019
Story Date: 10/22/2019

 

Source: Richard Craver, WINSTON-SALEM JOURNAL, 10/20/19


Traditional cigarette prices are on the rise again as tobacco manufacturers continue to try to offset increasingly lower demand for their product. The largest U.S. tobacco manufacturer, Philip Morris USA, raised the list price by 8 cents per pack on Sunday for most of its brands for an unusual third time this year, according to a leading industry analyst. That includes top-selling Marlboro, which owns a 47.4% market share according to Nielsen data on convenience store sales. R.J. Reynolds Tobacco Co. and ITG Brands LLC typically match the price hikes quickly.

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