And already, some of those driving costs – like the wholesale price of gas, fertiliser and imports – are beginning to ease back.”

Source: https://www.independent.co.uk/news/uk/mark-spencer-government-environment-secretary-europe-commons-b2306647.html

“Each liquor supplier will decide whether or not to increase its wholesale price to account for the increase it must pay in excise duty,” Robin Fraser said in an email.

Source: https://www.lacombeexpress.com/news/restaurants-and-bars-brace-for-biggest-alcohol-tax-jump-in-40-years/

If they only offer inexpensive T products, retail prices will fall and no matter how long the wholesale price may be, even if the margin is x percent, the businesses cannot operate on percentages.

Source: https://seekingalpha.com/article/4579661-bridgestone-corporation-brdcy-full-year-2022-earnings-call-transcript?source=feed_all_articles

The latest figures from RAC Fuel Watch found that the wholesale price of diesel was cheaper than petrol for the entire month of April.

Source: https://www.express.co.uk/life-style/cars/1766278/diesel-petrol-prices-cheaper-rac

We're also assuming that conversion rates follow normal seasonal patterns in the second half of the year, and wholesale price depreciation continues.

Source: https://seekingalpha.com/article/4625160-acv-auctions-inc-acva-q2-2023-earnings-call-transcript?source=feed_all_articles