Long-term own-price elasticity=−0.31 | ||||||||
---|---|---|---|---|---|---|---|---|
Status quo | Price increase | |||||||
2010 Q:4 | 10% | 20% | 30% | 40% | 50% | 60% | 110% | |
A. Average retail price ($) | 5.97 | 6.54 | 7.16 | 7.76 | 8.36 | 8.96 | 9.55 | 12.54 |
B. Average tax per pack ($) | 4.06 | 4.47 | 4.87 | 5.28 | 5.68 | 6.09 | 6.50 | 8.53 |
C. Total cigarette consumption in millions of packs | 554.58 | 537.39 | 520.20 | 503.00 | 485.81 | 468.62 | 451.43 | 365.47 |
D. Changes in C (decrease) | – | (17.19) | (34.38) | (51.58) | (68.77) | (85.96) | (103.15) | (189.11) |
E. Cigarette consumption per person >14 years old (packs) | 18.18 | 17.62 | 17.05 | 16.49 | 15.93 | 15.36 | 14.80 | 11.98 |
F. Changes in E (decrease) | – | (0.56) | (1.13) | (1.69) | (2.25) | (2.82) | (3.38) | (6.20) |
G. Revenue from cigarette tax in millions of pesos | 2251.59 | 2399.74 | 2534.15 | 2654.59 | 2761.08 | 2853.62 | 2932.19 | 3115.68 |
H. Changes in G | – | 148.14 | 282.55 | 403.00 | 509.49 | 602.02 | 680.59 | 864.08 |
Note: US$1=$ 4.01 pesos in December 2010.
Source: own calculations.