Price Increase (Noun)
Meaning
Increase in price.
Classification
Nouns denoting attributes of people and objects.
Examples
- The recent price increase of the oil has severely affected the companies that rely heavily on fuel.
- The inflation rate contributed to the price increase of essential goods making life difficult for the elderly.
- Last year's price increase pushed the cost of healthcare beyond the reach of many average Americans.
- The price increase was a result of a shortage of raw materials and high demand in the market.
- Experts predict that the ongoing supply chain issues will lead to a sharp price increase of electronics in the coming months.