Thndr Claps » EGY Claps » Industrials 🏗 » Another price increase for cigarettes 🚬
The ClapEastern Company (EAST) increased the prices of 10 different cigarette types it produces as of September 4, 2022.The DeetsThe 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 MattersThis 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 NowThe prices of foreign cigarettes are expected to increase in the coming months.
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