US Cigarette Market Changes Gear

Source from:  Tobacco Reporter 10/14/2011

Morgan Stanley said yesterday that the rate of decline in US cigarette consumption might have 'moderately accelerated'. Analysts David Adelman, Matthew Grainger, Jaclyn Inglesby and Toby McCullagh said that the acceleration might have been caused by a shift to lower-priced alternatives such as small cigars and roll-your-own cigarettes using lower-taxed pipe tobacco. Enditem