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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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