We present isotropic, elastic–plastic finite element calculations detailing the pressure relationship between an inclusion and its surrounding matrix, subject to an externally imposed hydrostatic strain. In general, the inclusion and the matrix have different values of hydrostatic pressure, depending on their absolute and relative values of Young's modulus and Poisson's ratio. A series of finite element models was used to explore the parameter space of the elastic and plastic properties of an inclusion within a matrix. In all cases where there is insufficient relaxation of the nonhydrostatic stress, the material with the higher bulk modulus will also have a higher pressure, regardless of the shear moduli. The complete data set was subjected to a Pareto analysis to determine the main and secondary effects which influence the final result, expressed as the ratio of the pressure of the matrix to that of the inclusion. The four most important factors which determine the pressure ratio of an inclusion and matrix are the Young's modulus of the matrix, the interaction of the Young's modulus and the yield strength of the matrix material, the Young's modulus of the inclusion, and the interaction of the Young's modulus of the inclusion with the yield strength of the matrix material. The yield strength of the inclusion has a statistically insignificant effect on the results. This information provides guidelines for designing the most effective combinations of unknowns and material standards to minimize pressure errors in equation of state measurements.