Recent Study: Tobacco in Peru
In 2012, cigarette sales in the formal market remarkably declined, both in value and volume terms. This scenario is explained by the fact that economy cigarettes are becoming less affordable due to the current flat tax system that affects cigarettes. Although products in every price band are affected, the tax mostly had a negative impact on economy brands, which are demanded due to their low prices. Taking into consideration that prices of cigarettes increased on average, above the inflation...
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