A dollar to light up: smokers brace for another jump in tobacco excise
Cigarette taxes will jump by a hefty 13.7 per cent on Monday, the second of four outsized increases in as many years.
The excise on a pack of 20 will climb from $8.13 to $9.25, an increase of $1.12. The excise on apack of 40 will climb from $16.26 to $18.51.
If fully passed on, it will push the price of a packet of 40 above $30 and push the price of some packets of 20 above $20. The increase means the price of cigarettes for casual smokers will approach $1 a stick.
Labor announced a series of four increases mid-last year, with the first of 12.5 per cent due on December 1 followed by three more on September 1 in each of the following three years.
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