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English definition of “skyrocket”

skyrocket

verb [I]     /ˈskaɪˌrɒkɪt/ US   /-ˌrɑːkɪt/
to rise or become successful extremely quickly: Home values are skyrocketing.skyrocket to sth San Diego electricity prices skyrocketed to 20¢ per kilowatt hour.
skyrocketing adjective [before noun]
(Definition of skyrocket verb from the Cambridge Business English Dictionary © Cambridge University Press)
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