Phrasal Verb - price up
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.Definition
To assess or estimate the cost of something, often unexpectedly high. It implies a sudden increase in the cost or value of something, often catching someone off guard. This phrasal verb can be used in various situations, such as in business, finance, or even everyday life, where the cost of an item or service becomes unaffordable. It can also refer to the process of setting a fair price for goods or services, where both parties agree on the amount.
Examples
| No. | Example |
|---|---|
| 1 | After the new tax reforms, the prices of luxury items went up, making them unaffordable for many. |
| 2 | The cost of living in the city has priced up so high that it's becoming challenging for newcomers to adapt. |
| 3 | The new software development project estimated the project costs to come up to millions of dollars, which was priced up during the feasibility study. |
| 4 | The economic downturn has seen a price up in the global market, affecting many industries negatively. |
| 5 | The report showed a price up in healthcare costs by a staggering 25% over the past year. |
| 6 | The city council decided to price up the parking fees to raise revenue for the infrastructure. |
| 7 | The sudden price up in oil prices on the global market caused inflation to rise sharply. |
| 8 | The rising competition in the industry has priced up the manufacturing costs, leading to lower profit margins. |
| 9 | The government is considering a price up on cigarettes to discourage smoking among citizens. |
| 10 | The rising housing market prices have priced up many buyers out of the market. |