Wednesday, May 26, 2021

Inflation - A Puff Piece

 

I started smoking Marlboro cigarettes when they first came on the market as a filtered cigarette in a flip-top box in 1954.  It isn't much of an exaggeration to claim that, if I had put my money in stock instead of cigarettes, I could own the Phillip Morris Tobacco Company by now.

When I bought cigarettes today - I shop at a discount tobacco store and use a membership code for additional savings - I paid $75 and change for a carton.  For non-smokers, a carton contains 200 cigarettes, ten packs of twenty smokes. Doing the math - $75÷200 equals roughly 37₵ a cigarette or about 16 cents more than I paid for a pack when I first started smoking.

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