Tobacco prices to rise nearly 30% by 2027 in Finland

[JohnS]

I guess they're following the Australian lead during the 2010s...

Tobacco prices to rise nearly 30% by 2027

The government is aiming to pull in around 100 million euros with the tobacco tax increases.

Image: Petteri Bülow / Yle

Yle News, STT 1.11. 11:07

The Finnish government has decided to gradually raise taxes on tobacco products six times over the next couple of years, eventually bringing the price of a pack of cigarettes beyond 13 euros.

Implementation of the plan began on Friday. Going forward, tobacco taxes will be raised twice a year until July 2027, for a total increase of 27.1 percent.

The government is aiming to pull in around 100 million euros with the tobacco tax increases.

The tax increases will apply to cigarettes, loose tobacco, pipe tobacco, cigars and cigarillos. However, nicotine pouches and e-cigarette liquids will not be affected by these hikes.

After the increases, a pack of cigarettes will cost an average of around 13.20 euros.

Tobacco companies often put larger amounts of their products on the market ahead of tax hikes than they normally would. This means the increased taxes may not be noticeable until old stocks have sold out.

Source: https://yle.fi/a/74-20121721