Instead, the White House factored in the retail price change, which is what consumers pay. That meant the formula was off by a factor of four, because the White House valued the elasticity of ...

since products with a greater share of input costs in the retail-price formula would react the fastest to changes in commodity prices. The USDA estimates that input costs are approximately 19% of ...

The “cost of goods plus markup” formula for determining retail price, often a delicate balancing act in the best of times, is especially fraught in the age of tariffs. Trade policy under ...