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Cigarette prices in Egypt have risen again after Eastern Company, one of the country's largest cigarette producers, announced price increases for several of its popular brands. The hike is raising concerns about inflation amidst a volatile economic situation.
An ongoing tobacco shortage has left Egypt’s 18 million smokers stuck between record-high prices and an unrelenting nicotine dependency. The popular Cleopatra Box pack could be found at any vendor, smoking shop, or kiosk at the price of EGP 24 a few months back. Consumers report that the same pack of cigarettes today costs more
The announcement of an anticipated tax increase on tobacco products has resulted in parallel-market price hikes and financial losses to the state treasury
The Head of the Tobacco Division of the Federation of Egyptian Industries said some traders who are hoarding cigarette boxes to sell them at higher prices in the black market are behind current shortages
The announcement of an anticipated tax increase on tobacco products has resulted in parallel-market price hikes and financial losses to the state treasury, reports Amira Hisham