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Additionally, the list also includes counties that move into a new CBSA or rural area and have a different wage index value because the constituent counties that make up the CBSA or rural receive the 5-percent cap for CY 2025 while the county that moves into the CBSA or rural area does not

For instance, the increase in combustibles revenue (excluding translational foreign exchange movements) of 1.0% in 2025, combined with a decline in combustibles volume of 8.1% in 2025, leads to a price mix (including excise duty drawback) of +9.1% in 2025

Moodie C, Hoek J, Hammond D, et al

Because I talk to Sam and Duvall a lot about it

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