verb to increase rapidly or dramatically
adjective increasing quickly or dramatically
Home prices in the city are skyrocketing, making it difficult for first-time buyers to enter the market.
Stock prices are skyrocketing as investors respond positively to the company's latest earnings report.
The popularity of the new smartphone model is skyrocketing, with sales exceeding expectations.
Tuition fees at universities are skyrocketing, causing concerns about accessibility to higher education.
The cost of prescription drugs is skyrocketing, putting a strain on patients' budgets.
The price of oil is skyrocketing due to increased demand and limited supply.
In the world of finance, the term 'skyrocketing' may be used by financial writers to describe a rapid increase in stock prices or market indexes.
Psychologists may use the term 'skyrocketing' to describe a significant increase in certain psychological symptoms or behaviors in a particular population.
Economists may use the term 'skyrocketing' to describe a sharp increase in inflation rates or the cost of goods and services within an economy.
Meteorologists may use the term 'skyrocketing' to describe a sudden and significant increase in temperature or atmospheric pressure in a specific region.
Real estate agents may use the term 'skyrocketing' to describe a rapid increase in property prices or housing demand in a particular market.