Philip Morris Files to Raise Prices on 18 Cigarette Brands From September
# tobacco prices# Philip Morris# price increase
Key Points
- Philip Morris Japan applied to raise prices on 18 products across 3 brands
- The change takes effect September 1 upon approval
- Tobacco's stair-step price climb continues
Analysis
Philip Morris Japan filed with the finance ministry to raise prices on 18 cigarette products across three brands, effective September 1 upon approval. Tobacco's stair-step climb is one of Japan's most predictable inflation items.