cost increase

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Sure! Let’s break down the term "cost increase."

Definition:

Cost Increase (noun): This means that the price of something has gone up, or become more expensive. For example, if you used to pay $10 for a product and now you have to pay $12, that’s a cost increase of $2.

Usage Instructions:

You can use "cost increase" when talking about prices in various situations, like shopping, business, or services. It is often used in discussions about budgets or expenses.

Example:

• "The cost increase of gas has made it more expensive to drive to work."

Advanced Usage:

In a business context, you might say: - "Due to the cost increase in raw materials, we need to raise our product prices."

Word Variants:

• Cost (noun): The amount of money needed to buy something.
• Increase (noun/verb): To become larger or greater; to make something larger or greater.

Different Meanings:

• "Cost" can also refer to the value of something in terms of money or resources, while "increase" can refer to any kind of growth or rise, not just in cost.

Synonyms:

• Price hike
• Price increase
• Rise in cost

Related Idioms:

• "To break the bank": This means something is very expensive or costs more than one can afford.
• "Pay through the nose": This means to pay a lot of money for something.

Phrasal Verbs:

• "Jack up": This means to increase something significantly, often used in the context of prices.
  • Example: "They jacked up the prices after the holidays."

Summary:

"Cost increase" describes a situation where prices go up. It’s important in everyday conversations, especially when discussing finances, shopping, or business.

Academic

Noun

1. an increase in cost
   • they asked for a 10% rise in rates

Synonyms

• rise
• boost
• hike