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The phrase "a hike of" is correct and usable in written English.
It is typically used to describe an increase in a specific measurement, such as prices, rates, or values.
Example: "The company announced a hike of 10% in their service fees starting next month."
Alternatives: "an increase of" or "a rise of".
Exact(60)
Most students starting university in England, Wales and Northern Ireland this September in the end will pay £3,070 a year for their course tuition, a hike of £70 on last year (Scotland has different arrangements, see below).
However, it was sufficiently recovered by external stimuli such as a hike of solution pH.
But a hike of such ambition seemed, to the woman, something quite different.
MORRIS COUNTY PARK COMMISSION "Baby and Me Hikes," with a hike of Blue Trail in Myersville.
Eliza Chaikin said she planned to fight the increase with a hike of her own.
Mark Rowe takes a hike of two halves The island's landscapes have been captured from four angles.
Join alumni from Columbia and Cornell for a hike of Mori Point and an early dinner afterwards.
MORRIS COUNTY PARK COMMISSION "Baby and Me Hikes," with a hike of Sherman Hoffman's Sanctuary in Bernardsville.
Sensing a hike of the collective eyebrow in the audience, Mr. Obama quickly added: "I'm serious, I'm serious.
All told, it could face tax a hike of $2,500, or even more, according to some estimates.
Mindful of the state's noisy consumer lobbies, legislators approved a hike of only about 10%, and then only for three months.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com