Cost Increase (Noun)
Meaning
An increase in cost; "they asked for a 10% rise in rates".
Classification
Nouns denoting attributes of people and objects.
Examples
- The cost increase in the project's third phase led to a significant reduction in profits.
- Due to rising material costs, the company was forced to announce a cost increase for its entire product line.
- After analyzing the market trends, the business predicted a 15% cost increase over the next fiscal year.
- To combat inflation, the company implemented a gradual cost increase to its consumer prices over the next six months.
- As a result of new regulations, manufacturers had to absorb a significant cost increase due to stricter safety protocols.