Matilde Cigar Co. has announced that it will be implementing a price increase in 2022, as like many companies in the cigar industry, it looks to deal with the rising costs of doing business.
Enrique Seijas told halfwheel that the increase will work out to an average of 3 percent across the company’s portfolio, though noted some lines will see a slightly lower increase while others will see a bit higher increase. He attributed the need for an increase to rising costs of manufacturing and logistics, which he says have made his cigars more costly to produce and ship.
The increase will go into effect on Jan. 1, 2022.
The following chart is a live look at what companies have announced price increases or no price increase for 2022.