Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

'Huge fan of your work. Very impressive!' - Scott Pape, The Barefoot Investor, Australia's #1 bestseller.

'Must-read, must-follow, one of the finest analysts in Australia' - Stephen Koukoulas, ex-Senior Economics Adviser to Prime Minister Gillard.

'One of Australia's brightest financial minds, must-follow for accurate & in-depth analysis' - David Scutt, Business Insider.

'I've been investing 40 years yet still learn new concepts from Pete; one of the finest young commentators' - Michael Yardney, Amazon #1 bestseller.

'The most knowledgeable person on Aussie real estate - loads of good data & charts...most comprehensive analyst I follow in Oz' - Jonathan Tepper, Variant Perception, 2 x NYT bestseller.

Friday, 3 March 2017

Australians give up the gaspers

Smokes out of favour

Something I've looked at intermittently over the past few years: household expenditure on tobacco and cigarettes.

It's not all that often you get to say that a policy has been a smoking success, but the introduction of plain packaging for cigarette sales on 1 December 2012 has been just that.

Appropriately enough, expenditure is measured here in chain volume measures terms.

Household consumption expenditure of smoking is slowly but surely being snubbed out.

Good to see!