higher prices

Language: en

📖 Definitions

  1. An increase in the cost of goods or services compared to previous levels, often resulting from increased production costs, inflation, or supply chain disruptions.; A state where market rates for items are elevated above the average or historical norm.; The result of a price hike or escalation in monetary value assigned to products.

💬 Examples

  1. As transportation costs rise due to higher fuel prices, businesses face increased operational expenses, which are often passed on to consumers in the form of higher prices for goods and services.

  2. Consumers are struggling to cope with higher prices during the holiday season.

  3. The company announced that higher prices would be implemented starting next quarter.