Smoking will become more expensive: cigarette prices are rising again in Austria 🚬

In Austria, smokers will face another increase in cigarette prices from the beginning of April 2024. 💸 Get ready for your favorite pack to go up in price by about 20 cents. This is due to the annual increase in excise tax on tobacco products.

But how much will this hit your wallet? And how will the state use this additional income? Let's find out!

Why are cigarette prices rising? 🤔

The main reason is the excise tax on tobacco. 📈 The Austrian government regularly increases it to fill the budget and, perhaps, to encourage people to quit smoking. Already, about 77% of the cost of each pack of cigarettes is made up of taxes. Impressive, isn't it?

How will this affect smokers? 🚬💶

If you smoke a pack a day, your annual cigarette bill will increase by about €73. In total, you will spend about €2,373 a year on cigarettes alone.

Where does the money from tobacco excise tax go? 💰

The tobacco excise tax is an important source of income for Austria. In 2018, it brought in 1.92 billion euros to the state treasury, and in 2023, this figure is likely to exceed 2 billion. In terms of revenue, the excise tax is second only to the fuel tax. These funds are used to finance various government programs and social projects.

Excise taxes in Austria and Germany: what's the difference? 🇩🇪🇦🇹

It is interesting to compare the situation with tobacco excise taxes in Austria and Germany. Germany is also planning to increase excise taxes. For example, an article entitled "Tobacco tax: smoking will become more expensive" reports that in Germany the tax on a pack of cigarettes will increase several times between 2022 and 2026.

Alternatives: E-cigarettes and other nicotine products 💨

Recently, electronic cigarettes and other nicotine products have become increasingly popular. In this regard, Austria is also considering the issue of expanding the excise tax on such products.

Germany also raises taxes: what awaits smokers? 🇩🇪

Germany is also expecting an increase in the tobacco excise tax. The last time this happened was in 2015, and now, from January 1, 2025, German smokers can expect new changes. The tax will increase not only on cigarettes, but also on liquids for electronic cigarettes. As a result, smoking will become an even more expensive pleasure.

Conclusion and findings

The increase in cigarette prices in Austria is part of a general trend of increasing excise taxes on tobacco in Europe. 🌍 On the one hand, this is a significant blow to the wallets of smokers. On the other hand, it is additional funds for the budget and a potential incentive to quit smoking.

What do you think about this? Will the price increase affect your tobacco consumption? 🤔

Conclusion and findings

We hope this article helped you understand the situation with cigarette price increases in Austria. If you found it interesting, please share it with your friends! 📢

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