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Learn to pronounce sky·rock·et

/ˈskīˌräkət/
verb
(of a price, rate, or amount) increase very steeply or rapidly.
"the cost of housing has skyrocketed"

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Aug 30, 2024 · 1. to cause to rise or increase abruptly and rapidly 2. catapult intransitive verb : to shoot up abruptly prices are skyrocketing.
to rise extremely quickly or make extremely quick progress towards success: Housing prices have skyrocketed in recent months.
to rise extremely quickly or make extremely quick progress toward success: Housing prices have skyrocketed in recent months.
verb (used without object) to rise or increase rapidly or suddenly, especially to unexpected or unprecedented levels: Prices skyrocketed during the war.
When something skyrockets, it shoots up. Immediately after the Winter Olympics, interest in ice skating, bobsledding, and curling tends to skyrocket, ...
to increase quickly to a very high level or amount. Costs/Sales have skyrocketed. skyrocketing prices. His popularity skyrocketed after his latest movie.
If prices or amounts skyrocket, they suddenly increase by a very large amount. Production has dropped while prices and unemployment have skyrocketed.
present participle of skyrocket as in soaring to rise abruptly and rapidly the crisis has caused oil prices to skyrocket.
There is one meaning in OED's entry for the adjective skyrocketing. See 'Meaning & use' for definition, usage, and quotation evidence.
(of prices, etc.) to rise quickly to a very high level. Wages and prices have skyrocketed. The economic boom sent property prices skyrocketing.