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English definition of “hike”

hike

noun [C]
 
 
/haɪk/
an increase in the amount or cost of something, especially a large or sudden increase: a pay/wage hike The governor is concerned that businesses might respond to a wage hike by cutting jobs. a price/rate/tax hikea hike in sth Ethanol, a fuel made from corn, has seen a 30 percent hike in production in the past year.
(Definition of hike noun from the Cambridge Business English Dictionary © Cambridge University Press)
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