More bad, bad news for smokers, as the price of a packet of cancer sticks now hits an average of $ 35 from a 12.5 percent tax hike.
“The price of Australian cigarettes rose by another 12.5 per cent on Sunday - the latest in a series of tobacco excise hikes that's taken the average packet to a world record of $35. The federal Government has now hiked tobacco excise for seven consecutive years - with an average pack expected to hit $40 a pack by 2020. One health official said the habit will cost an average smoker $10,000 a year. The excise increases are on top of regular CPI hikes, with experts telling Daily Mail Australia an average cigarette stick now costs more than $1 including GST. People looking to save a buck by rolling their own sticks are not immune to the tax sting, with prices for a bag of tobacco jumping by a similar amount.”