Warning as Asda, Aldi, Tesco and more face price hike of top selling item
Tesco, Aldi, Morrisons and Wilko customers are facing price hikes on essential items.
The rise of energy prices have now had a knock on effect of household items such as toilet roll.
As Business Live reports, the energy crisis has forced toilet roll and kitchen towel supplier, Accrol, to push their prices up.
READ MORE- Greggs tease the return of a product and everyone is saying the same thing
Accrol supply some of the major supermarkets in the UK.
The company has revealed that since October 2021, it has "experienced further inflationary pressure on input costs including pulp prices, supply chain costs and most significantly energy costs".
A statement issued to the London Stock Exchange said: "In the period since the company's last trading update of 20 October 2021, the group has experienced further inflationary pressure on input costs including pulp prices, supply chain costs and most significantly energy costs.
"In light of these cost increases, the group has implemented further cost efficiencies and has engaged with all its customers successfully securing substantial price increases, over and above those secured in mid-2021 and, as a result, the board was confident of meeting its revised expectations for FY22.
"However, unavoidable surcharges to parent reel prices, relating to exceptional energy price increases, have very recently been levied on the company, which will significantly impact margins.
"The management team has experience of successfully managing inflationary pressures and the board is confident that this is a timing issue and that further cost increases, including these recent surcharges, will continue to be passed on successfully to Accrol's customers.
"The underlying business is in good shape and the board remains confident in the medium-term prospects for the group.
"Despite continued supply chain disruption, particularly at ports, around the world and specifically in the UK, the business continues to manage customer supply well, having secured and maintained additional stocks in paper and finished goods."
