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The phrase "a staggering rate" is correct and usable in written English.
It can be used to describe a speed or frequency that is surprising or difficult to comprehend, often in contexts related to growth, change, or decline.
Example: "The population of the city is increasing at a staggering rate, leading to concerns about infrastructure and resources."
Alternatives: "an astonishing pace" or "a remarkable speed."
Exact(60)
AOL had been losing members at a staggering rate, with 300,000 people a month canceling their AOL accounts as they switched to high-speed Internet from their cable and phone companies.
Technology is changing at a staggering rate.
The prevalence of diabetes is increasing at a staggering rate.
Studies have shown a staggering rate of orders being made.
Human brains develop at a staggering rate during the first several years of life.
With more confidence, I think these cases will continue to be reported at a staggering rate".
It is also hard to forget when players continue getting hurt at a staggering rate.
Species are now being wiped off the planet at a staggering rate.
Investors have poured money into the company at a staggering rate.
But studies show that new innovations fail at a staggering rate.
Mr. Macklowe was already well represented in the Midtown market, where rents were rising at a staggering rate.
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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