C1verbbusinessmoney
US/ˈskaɪˌrɑː.kɪt/
UK/ˈskaɪˌrɒk.ɪt/
to rise very quickly and by a large amount
In context
House prices skyrocketed in the city center after the new subway line opened.
Sales skyrocketed from 2,000 units in January to 15,000 units in March.
As demand for remote work skyrockets, more firms are renting smaller offices.
Words that go with skyrocket
verb + preposition
- skyrocket toFuel costs skyrocketed to a record high last year.
- skyrocket fromProfits skyrocketed from $1 million to $8 million.
- skyrocket in valueThe land skyrocketed in value after the new highway was announced.
- skyrocket byUnemployment skyrocketed by 40 percent in two years.
adverb + verb
- suddenly skyrocketOnline orders suddenly skyrocketed during the holidays.
verb + adverb
- skyrocket overnightDemand for the new phone seemed to skyrocket overnight.
Common mistakes
Incorrect:
The price was skyrocketed.Correct: The price skyrocketed.