Cigarette Prices to Rise, as Vapor Takes Sales

 

(CSN) Industry cigarette volume for the third quarter is expected to be down 5 percent, according to Wells Fargo Securities LLC's latest Tobacco Talk survey of tobacco retailer and wholesaler contacts, representing more than 30,000 U.S. convenience stores. The main culprit for declining tobacco shipments is an inability by wholesalers and retailers to offset the impact from the vapor category, the report concluded.
... Perhaps as a result of lower volume, Wells Fargo Securities expects the next cigarette list price increase to be 6 cents or 7 cents, and begin on or near Nov. 20, a week earlier than usual. Continued