Tobacco prices to rise nearly 30% by 2027
November 01, 2024 by yle.fi
Tobacco prices to rise nearly 30% by 2027
The Finnish government has announced plans to gradually increase tobacco taxes six times over the next few years, ultimately raising the price of a pack of cigarettes to over 13 euros. The first tax hike took effect on Friday, with further increases planned twice a year until July 2027, totaling a 27.1% rise. The government expects to generate about 100 million euros from these increases, which will apply to cigarettes, loose tobacco, pipe tobacco, cigars, and cigarillos, but not to nicotine pouches or e-cigarette liquids. Tobacco companies may stockpile products in advance, so the price impact might be delayed until existing stock is sold.
15.00% of the adult population are current smokers. There are approximately 697,594 current smokers in Finland 18.60% of men are current smokers but only 13.60% of women.
SOURCE: GSTHR
