A year ago, the Western world was facing a toilet paper crisis.
A year later, the global economy could face toilet paper inflation.
Kimberly-Clark, the maker of Scott toilet paper, announced that it would be raising prices for various consumer products in North America, from toilet paper to paper towels to cereal to diapers.
As of the end of June, these products’ prices could be increased by high-single digits.
But why? According to the company, rising raw material prices are adding to its manufacturing costs, so pricing adjustments were required to offset the overall surge in price inflation.
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