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Tag: cigarette prices

  • Korea Weighs Raising Cigarette Prices as Smoking Rates Fall

    Korea Weighs Raising Cigarette Prices as Smoking Rates Fall

    South Korea is considering higher cigarette prices as conventional smoking rates continue to decline, according to The Seoul Economic Daily. The share of adults who smoke cigarettes fell to 17% in 2025 from 23.9% in 2016, according to the 2025 National Health and Nutrition Examination Survey released Sept. 30 by the Korea Disease Control and Prevention Agency. The smoking rate was 28% among men and 5.5% among women. The decline accelerated after the government raised the price of a pack to 4,500 won ($3.33) in 2015 from 2,500 won ($1.85).

    South Korea’s Ministry of Health and Welfare has included raising cigarette prices toward the OECD average as a medium- to long-term goal in its 6th National Health Promotion Master Plan for 2026-2030. Analysts say cigarette prices have since failed to keep pace with inflation, with consumer prices rising 22.8% since 2015 while cigarette prices remained unchanged. The average cigarette price across the 38 OECD member countries was 9,869 won ($7.30) in 2023, more than twice South Korea’s price.

  • Spain’s Tobacco Prices Rise Again

    Spain’s Tobacco Prices Rise Again

    Spain implemented another round of tobacco price increases, with new adjustments for cigars, cigarillos, rolling tobacco, and pipe tobacco published in the official state gazette on May 8 and taking effect the following day. The changes, which follow earlier revisions in April, reflect a pattern of frequent, incremental price updates driven by manufacturer submissions, rising production and transport costs, and broader inflation pressures. Premium cigars and imported products have seen notable increases, while rolling tobacco and pipe tobacco prices have also climbed across multiple formats.

    The latest update reinforces a broader trend in 2026 of gradual but continuous price increases across tobacco categories rather than single large adjustments. Under Spain’s pricing system, manufacturers regularly submit revised price lists for approval, resulting in ongoing shifts in retail pricing, particularly in non-cigarette segments.