Definitions from the Web
Price Increase
Description:
A price increase refers to the act of raising the cost of a product or service. It often occurs when there is a rise in production costs, inflation, or increased demand.
Senses:
- As a noun: the act of increasing the cost of a product or service.
- As a verb: to raise the cost of a product or service.
Usages:
- Noun: The price increase on gasoline affected consumers' monthly budgets.
- Verb: The company decided to price increase their new collection due to higher manufacturing costs.
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