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Discover Ludwig"elevated prices" is a correct and usable phrase in written English.
You could use it to indicate prices that are higher than expected. For example, "The store was charging elevated prices for basic necessities."
Exact(18)
A new crop of hotels in Budapest offer London-style luxury at similarly elevated prices.
EATING AND SLEEPING Brasserie Guillaume (352-26-20-20-20; brasserieguillaume.lu), whade we had a late dinner our first night, has all the trappings of a place to be — atmospheric buzz, well-dressed diners, indifferent waiters and elevated prices.
Why? First, they believe today's elevated prices to be temporary.
"I just don't see this as a long-term phenomenon," he said of the elevated prices.
In the meantime, investors appear to be assuming that elevated prices are here to stay.
Tickets very rarely sell at these elevated prices, though, with many selling at face value or below the original price".
Similar(38)
A great Italian tradition (and standard at most bars), the apertivo happy hour involves paying a slightly elevated price for your drink in exchange for a heaving buffet of chips, panini, pasta, snacks, olives and salad – almost negating the need to have dinner at all. .
It affected all who appreciate fine Burgundy and Bordeaux by elevating prices practically across the board.
Mr. Bogle has derided what he calls a "happy conspiracy" of corporate officers, Wall Street, mutual funds and pension managers to elevate prices over the short term, at the long-term expense of shareholders.
In the latest makeover, the investment firm specializing in struggling assets has poured millions into entirely revamping Jane's packaging, assembling a product assortment from scratch, elevating prices to suit masstige positioning and tweaking its retail distribution strategy to keep the brand from being overlooked in stores.
For countries presently in, or recently recovering from emergencies, elevated food prices and fuel price volatility can exacerbate an already difficult situation.
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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