Who would have thought? It turns out hoarding toilet paper in the early days of the pandemic was a wise financial decision. If your bathroom cupboard is still stockpiled with rolls, you don’t have to feel ashamed anymore. The toilet paper shortage of 2020 was an early warning sign of the large supply-chain disruptions that the global economy was about to suffer. Now wholesale tissue paper prices are surging to an all-time high — a new crisis that indicates inflationary pressures are still building up. The toilet-paper industry is a microcosm of the much larger, energy-intensive manufacturing sector, where production costs are continuing to skyrocket in line with soaring wholesale energy prices. It’s the same issue across European industrial commodities — from glass, ceramics and synthetic fibres to aluminum, cement, fertilizer and dozens of other daily-life goods. …As is true for many manufacturers, the core of the problem for toilet paper is the cost of energy.