Get Ready! A 5 TL Increase in Cigarette Prices is Coming Soon.

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In October, a price increase of 5 TL for cigarettes is expected. TBYD President Erol Dündar stated that with the updates to the Special Consumption Tax (ÖTV), increases could continue in the new year as well.
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High Price Increase Expectation for Cigarettes


The President of the Tobacco Retailers Assistance Association (TBYD), Erol Dündar, made significant statements regarding the expected price increase for cigarettes. Dündar expressed that this increase is anticipated to occur within the month of October, stating that the amount of the increase would be around 5 TL.

Expectations for a New Increase After the Last Price Hike


The last price increase for cigarettes took place at the end of July and the beginning of August. Following these increases, consumers are increasingly stressed about the prospect of facing another price hike. Dündar also explained the reasons behind this expected increase.

Impact of Special Consumption Tax (ÖTV)


Special Consumption Tax (ÖTV). He noted that this update could lead to another increase in cigarette prices in 2024, while expressing concerns about how the market would respond to this situation.

Consumer Expectations and Market Repercussions


Dündar emphasized the importance of consumer thoughts on price increases, underscoring how price hikes could affect consumption habits. With the nullified purchasing power and rising prices, it is evaluated that these changes could have a negative impact, especially on young consumers.

In conclusion, cigarette companies and retailers will need to pay attention to their pricing policies in the coming period. Because this process will not only affect cigarette prices but also the general consumer perception and market balance.

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⚖️ Yasal Uyarı:Bu içerik yatırım tavsiyesi niteliği taşımaz. Yatırımlarınızla ilgili kararlarınızı kendi araştırmalarınız ve risk profilinize göre almanız önerilir.

cigarettes, increase, TBYD, SCT, cigarette prices

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