sky ‧ rock ‧ et /ˈskaɪˌrɒkət, ˈskaɪˌrɒkɪt $ -ˌrɑː-/ BrE AmE verb [intransitive] informal
if a price or an amount skyrockets, it greatly increases very quickly:
The trade deficit has skyrocketed.
skyrocketing inflation
sky ‧ rock ‧ et /ˈskaɪˌrɒkət, ˈskaɪˌrɒkɪt $ -ˌrɑː-/ BrE AmE verb [intransitive] informal
if a price or an amount skyrockets, it greatly increases very quickly:
The trade deficit has skyrocketed.
skyrocketing inflation
Longman Dictionary of Contemporary English. Longman - Словарь современного английского языка. 2012