TABLE 3. Projected impact of increasing excise tax by 50% per cigarette pack (change in retail price per pack, sales volume, excise revenue, and total tax revenue): central estimates by subregion/region, Latin America and the Caribbean (LAC), 2014.

Subregion/region and income group	Change in sales volume		Change in tax revenue
	Millions of packs	%	US$ (millions)	%
The Caribbean	−7 to −18	−3 to −8	120 to 156	27 to 36
Central America	−24 to −252	−1 to −12	1 284 to 1 959	30 to 46
South America	−271 to −878	−3 to −11	4 580 to 5 971	26 to 34
LAC region	−303 to −1 147	−3 to −11	5 984 to 8 086	27 to 37
LMICa ( n = 7)	−42 to −105	−7 to −17	42 to 91	13 to 28
UMICb ( n = 17)	−204 to −960	−2 to −10	5 065 to 7 013	27 to 37
HICc ( n = 7)	−57 to −83	−7 to −10	878 to 983	33 to 37

Source: Author estimates.

^aLMIC = lower-middle-income country.

^bUMIC = upper-middle-income country.

^cHIC = high-income country.