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Discover LudwigThe phrase "a staggering premium for" is correct and usable in written English.
It can be used when discussing a significantly high cost or price associated with a product, service, or investment.
Example: "Investors are paying a staggering premium for the latest technology stocks, reflecting their confidence in future growth."
Alternatives: "an exorbitant cost for" or "a hefty price for".
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It was a staggering verdict for Newtok.
He called the award "a staggering sum for an individual prize," not "a staggering amount of money for a scientist".
That's a staggering percentage for a consumer products company.
The debt was about £250,000,000, a staggering amount for those days.
It was a staggering run for a schoolboy.
A staggering sum for an independent outfit like this.
This is a staggering sum for a city that now has only 152,000 people in it.
The cost will run over $45 billion, a staggering figure for urban redevelopment.
That number was a staggering 40percentt for teen boys.
You pay a premium for a premium service.
We have a staggering legitimacy deficit for the task ahead.
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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