The increasing numbers of people quitting smoking have been stated to be because of increasing prices, which rose by 10% for a pack and 24% for loose tobacco in April this year. Apart from the hike this year, another 10% increase is being expected in January next year, with another similar hike the year after.
Ms. Snowden stated that the average price for a pack 25 cigarettes would reach $15 following the hike. She stated that the hike would result in people spending as much on cigarettes, as they usually do on fuel or rent for a week.
Reference: Increasing People Stub Out Smoking because of Hiked Cigarette Prices, Submitted by Ketan Mukherjee, TopNews.net.nz, 11/17/2010.
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