Mexico hikes price of cigarettes
After ringing in the New Year Mexico’s smokers will face a tax increase for cigarettes, but whether this will cut down on smoking remains to be seen.
Mexicans looking to stop smoking for their New Year’s resolution will now have some new incentives.
2011 will bring a seven pesos tax increase to the cost of cigarettes, aimed at bringing in millions in additional revenue.
The increase follows another recent law mandating graphic warnings on cigarette packs about the dangers of tobacco.
Some experts fear the tax hike could give rise to more cigarette smuggling.
As for consumers, whether they’ll give up lighting up, or shell out the extra pesos, is yet to be seen.
This smoker says the graphic warnings make him think twice about grabbing that next cigarette — and he’d rather stop smoking than switch to a cheaper brand.
But others believe once a smoker, always a smoker.
Jorge Ivan, Ssmoker, Say: “Even if they increase the prices more, people will continue to consume it — even if they reach 50 pesos. People will continue to buy them because it is a vice.”
Mexico’s smokers will have to begin weighing money against habit when the law goes into effect on January 1st.
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