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Date: 7 months ago   Category: Economics

In Ukraine cigarettes will rise in price again

In Ukraine the pack of cigarettes of a premium class in the 2019th can rise in price from 43-45 approximately up to 50 UAH. The minimum rise in price will be next year 3.5 UAH for each pack. The main reason – growth of excises. The Verkhovna Rada in the first reading accepted the offer of the government for 9% to accelerate growth of excises on cigarettes. If earlier annual increase was 20%, now suggest to enter a formula: 20% plus rate of inflation.

the Tobacco companies do not support such initiative while they in the Cabinet of Ministers say: it will allow to fill up considerably the state budget and to reduce the number of smokers.

Why will rise in price cigarettes?
In Poland on average a pack of cigarettes will cost 103 UAH while in Ukraine it is still possible to buy tobacco products for 25-27 UAH. The Verkhovna Rada already made the decision to gradually raise an excise on cigarettes until it does not rise to level European. On it 5 more years are required. As a result the minimum size of an excise has to be at the level of 90 euros for 1000 cigarettes. At the same time in the final price its share has to make no more than 60%. If the Verkhovna Rada supports by

in the second reading bill No. 9260, the excise size at best will grow in addition by 25%. So, besides the planned increase in a rate for 20% a year, the Cabinet suggested to lift an excise also on the rate of inflation. The parliament supported the specified offers in the first reading. Next year inflation, according to the NBU, will be 6.3%, in the 2020th – 5%.

will be cost How many by a pack in the 2019th?
Even if to assume that the next four years after the 2020th inflation will be only 2-3% a year, in the end result till 2024 an excise will increase by 125%. Its size will be about 112 euros. At the operating course it is about 3600 UAH for 1000 cigarettes. Considering structure of the price, the pack can cost about 100 UAH
At the same time next year premium class cigarettes which at the moment sell at 43-45 UAH, will rise in price almost up to 50 UAH. The excise will be raised twice – in January and July. As a result of its size for cigarettes with the filter will increase by 3.5 UAH for each pack. Besides excises, a role will be played also by other factors – growth of salaries, transportation cost, devaluation of hryvnia, etc. In the end result the pack can rise in price, is dependent on the producer, for the whole 5 UAH
Cheap cigarettes will remain?
In parliament also registered bill No. 9188-1 (the author the people's deputy from the PPB Nina Yuzhanina) which suggests to impose additional "tax" on cheap cigarettes. So, according to the explanatory note, producers specially underestimate pack cost in declarations, as a result in the market inexpensive tobacco products of poor quality appear.

In the document suggest to compare pack cost to an excise. If it is less than 135% of an excise, it will be increased by 25%. That is, it is necessary to pay an excise one quarter higher than usual for cheap cigarettes. It will allow to equal the prices – there is no cheap cigarette left.

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