December 1, 2016 / 5:50 AM / a year ago

Turkish tax hikes to push up tobacco, alcohol prices by 3-6 percent - gov't official

ANKARA, Dec 1 (Reuters) - A planned 10 percent hike in the fixed tax on alcoholic drinks is expected to push prices up by some 3-4 percent, a Turkish government official told Reuters on Thursday.

Speaking after tax hikes were announced in the country’s Official Gazette publication, he also said the 0.07 lira ($0.02) hike in the fixed tax on tobacco products was seen lifting prices by some 5-6 percent on average. ($1 = 3.4322 liras) (Reporting by Orhan Coskun; Writing by Daren Butler; Editing by David Dolan)

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