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Thousands of Smokers To Be Hit With 200% Tax Hike On July 1: What To Know Newsweek Nothing scares Tobacco industries more than higher taxes. Because when tobacco prices go up by 10%, total consumption drops by about 4%. Yet every year, tobacco imposes an economic cost of over Cigarettes and alcohol: These charts show how consumer goods prices have rocketed since 2005 IBTimes UK Cigarette prices likely to rise 2030% from February 1 Telangana Today I can clearly remember thinking $.75 for a pack of cigarettes was outrageous and that was in 1973
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