Could there be a price increase on cigarettes in October? Details here!

In recent days, news about increases in cigarette prices has frequently come to the fore. The TURKSTAT announced that the Special Consumption Tax (SCT) rate for cigarettes increased by 15.71% along with the Producer Price Index for June. This situation has made the increase in cigarette prices inevitable.

Especially in July, the updated SCT has begun to occupy an important place on shopping lists, alongside consecutive price increases applied to cigarette groups. The wave of price hikes that started in July continued in August as well. These developments directly affect the budgets of many cigarette users.

With price levels that have remained stable for a long time being reassessed due to these tax increases, the extent of new price hikes expected by October is eagerly awaited. At this point, market dynamics and consumer demand will play a significant role in determining future prices.

How consumers will respond to these changes could create significant fluctuations in cigarette demand. Additionally, rising prices may also encourage the use of alternative products and smoke-free content. Market analysts predict that changes may occur in the overall structure of the cigarette industry during this process.

Moreover, various comments have been made regarding the increase in cigarette prices. Many experts express that rising costs may also alter consumption habits. As a result, a price increase for cigarettes is expected in October, and this will be a noteworthy development in terms of its reflection on consumers in the coming days.