Tax hikes on cigarettes and alcohol are on the way! TBYD/Dündar gave a date for the new prices

Turkish tobacco and alcohol prices are set for another round of increases, with Tekel Bayileri Yardımlaşma Derneği (TBYD) President Erol Dündar announcing the expected magnitude and timing of the hikes. Dündar said new cigarette and alcoholic beverage prices are expected to be finalized around the start of July, with the scale of the increases tied to the special consumption tax (ÖTV) adjustment and exchange-rate movements. The change matters because tobacco and alcohol products are among the most inflation-sensitive items in Turkey's consumer basket, and each round of increases feeds directly into headline CPI. Traders will watch the official price lists from cigarette makers and distillers once the new ÖTV schedule is published, and whether retailers pass the full increase through to shelf prices.