Egypt Daily News – The prices of cigarette in the local markets rose by 29.5% on an annual basis during the month of January, compared to the same month last year, according to the Central Agency for Public Mobilization and Statistics, which indicated that tobacco prices also increased on a monthly basis by 0.4%, compared to its prices in a month Previous December.
The prices of the alcoholic beverage and tobacco department rose by 29.5%, during last January on an annual basis compared to the same month last year, due to the increase in the prices of alcoholic beverages by 20%, and smoke by 29.5%.
According to the statistics, the alcoholic and tobacco department increased by 0.4%, during last January on a monthly basis compared to its prices in the previous month of December, due to the high prices of alcoholic beverages by 0.4%, and smoke by 0.4%.
The Eastern Tobacco Company announced the increase in the prices of its products by 11.6% last November, for the fourth time during the current year, to reach the prices of products such as “Cleopatra”, “Super”, “Boston” and “World Cup” to 38.75 pounds instead of 34.72 pounds per box.
Cigarette companies operating in the local market recently announced the raising of their products by 12% for foreign and local cigarettes. This came days after the Eastern Tobacco Company which raised the prices of all popular “Cleopatra” cigarette products by 8 and 12%. The Japanese company “JTI” also raised the prices of “Gold Coast” by 12%, bringing its price to 42 pounds, while Mansour International Company raised the prices of cigarettes “Targt” and “Time Slick”, bringing the consumer price to 38.75 pounds with the same percentage.
Last April, the government allowed cigarette companies to increase the maximum price of all price cigarettes by 12% in line with the Tax Authority decision.
The annual inflation rate decreased during January for the third month in a row to record 23.2%, compared to 23.4% in December, according to the data of CAMPAS, which indicated the return of monthly inflation to the rise by 1.6% during January 2025, after its stability during December 2024.
