Japanese Firm, Egypt’s main tobacco producer, introduced on Tuesday, 5 November, that it might be elevating costs on all its regionally produced cigarettes, together with Cleopatra and different widespread manufacturers, by a mean of 12 %.
This marks the corporate’s fourth value hike in 2024, following will increase in February, April, and July.
The brand new costs goal to alleviate rising manufacturing prices brought on by the depreciation of the Egyptian pound in opposition to the US greenback, escalating uncooked materials bills, and elevated delivery prices, confirmed by Youm7 (Day 7).
Japanese Firm famous that uncooked supplies, together with tobacco, make up over 75 % of complete manufacturing prices, excluding taxes, creating a big monetary pressure.
With the value changes, a 10-pack of Cleopatra field cigarettes will now retail at EGP 27 (USD 0.55) , up from EGP 25 (USD 0.51) , whereas a 20-pack of Cleopatra, the corporate’s most inexpensive model, is now priced at EGP 38.7 (USD 0.79), a rise from EGP 34.72 (USD 0.70).
The revised costs additionally apply to numerous Cleopatra merchandise, similar to Cleopatra King Measurement and Cleopatra Black Label, together with different manufacturers like Mondial and Viceroy.
This newest improve comes amid rising inflation charges in Egypt. Based on the Central Company for Public Mobilization and Statistics (CAPMAS), Egypt’s annual city headline inflation inched as much as 26.4 % in September 2024, up from 26.2 % in August, whereas the Central Financial institution of Egypt reported a core inflation charge of 25 %.
In 2024, an estimated 24.43 % of Egypt’s grownup inhabitants reportedly smoked each day, reflecting a rise from earlier years. As of 2020, round 17.7 % of the inhabitants aged 15 and over had been people who smoke, totaling roughly 18 million folks.
