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"increase moderately" is a correct and usable phrase in written English.
It can be used when describing a gradual or slight increase in something. Example: "The company's profits have been steadily increasing moderately over the past year."
Exact(22)
Caterpillar reiterated that it expected revenue this year to be "slightly higher" than in 1999 and profit to increase moderately.
After a year or so, the economy will expand more rapidly; output will grow, and after another delay, inflation will increase moderately.
Globally, new registrations of e-cars are expected to increase moderately by 2020, and will range between 2.5% and 6% of market share, according to CAM.
Reversing this would "have the same effect as always," he said: "output will grow, and after another delay, inflation will increase moderately".
The induced mobility function is found to increase moderately with increasing slip coefficient, but decrease sharply with increasing d/b and a/b.
The crack opening force was found to increase moderately with crack length and increasing R-ratio, under a constant Pmax of 5 kN.
Similar(38)
Instead, he has said that he will work to increase moderately-priced housing through strategies like using available public land, working with the state comptroller to secure some pension fund money for housing and promoting zoning changes to favor higher-density development.
The slag mortars developed moderate compressive strength (∼5 MPa) at 60 °C which initially increased moderately and then steeply (>30 MPa) at higher curing temperatures.
Eight bat species increased moderately, including Daubenton's bat (Myotis daubentonii).
As inflation increases moderately, he is also moving toward hard-asset stocks like natural-resource companies.
The stock price has increased moderately with the company's fortunes, closing up 20 cents, to $3.80, on Friday.
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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