The Clap
Eastern Company (EAST) increased the prices of 10 different cigarette types it produces as of September 4, 2022.
The Deets
The price increase ranged between EGP 1.5 – EGP 2, and among the most popular types of cigarettes affected are Cleopatra, Cleopatra Box, and Mondial.
Why this Matters
This is the second time in 6 months that Eastern Company has increased the price of its products.
The main driver for the price increase was the increasing cost of raw materials that need to be imported from abroad with foreign currency.
What Now
The prices of foreign cigarettes are expected to increase in the coming months.
Another price increase for cigarettes 🚬
