Yle News has reported that tobacco taxes are set to rise by roughly 30% between 2024 and 2027 in Finland.
Over six increments between now and July 2027, the price for cigarettes is set to increase, eventually hitting over the €13 mark.
These tax increases will include cigarettes, loose tobacco, pipe tobacco, cigars, and cigarillos. However, price hikes will not affect nicotine pouches or e-cigarette liquids.
It’s predicted that the Finnish government will make about €100 million from the increase in tobacco taxes.
It’s common for tobacco companies to put more significant amounts of product on the market ahead of government-imposed tax hikes, which means these increased taxes may not be noticeable until older products have been sold.