Philip Morris USA Raises Cigarette Prices, Reynolds American, Lorillard follow

 

(cspnet) Altria Group Inc.'s Philip Morris USA is pushing through a price increase of six cents per pack across all of the company's cigarette brands, the second round of price rises the tobacco producer has taken on those products this year, reported Dow Jones. The maker of Marlboro and L&M cigarettes confirmed it would enact the price increase on shipments effective Dec. 3. The move was matched by rivals Reynolds American Inc. and Lorillard Inc., which have also now raised prices twice in 2012, said the news agency. Continued