Cigarette prices to jump by almost 7% amid growing concern about Australia’s booming black market

Rise in tobacco excise kicks in Monday as experts warn ‘prohibition style’ approach is doomed to fail Get our breaking news email , free app or daily news podcast A scheduled rise in the tobacco excise means cigarette prices in Australia, already the highest in the developed world, will jump by nearly 7% on Monday. The increase comes amid growing criticisms of the price-led anti-smoking policy, which has triggered an explosion in black market tobacco sales and an associated jump in violent crime . Continue reading...