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'offsetting the increase' is a grammatically correct and usable phrase in written English.
You can use it when you are trying to describe the action of countering a rise in something, such as a price or volume of an item. For example, "The government introduced a new tax to offset the increase in the cost of healthcare."
Exact(11)
The number of those who wanted full-time jobs but were only able to find part-time jobs was 5.8m in June, down from 6.4m in May, just barely offsetting the increase in involuntary part-time labor the month prior.
A British government spokesman acknowledged that British coal consumption was rising, but noted that British coal users were offsetting the increase in carbon dioxide emissions by paying energy users elsewhere in the European Union to cut emissions.
Republicans, while expressing dissatisfaction that the measure did not provide more savings, said it was a modest but useful first step in reversing the government's spending course and claimed they had prevailed by keeping the agreement free of new revenue and offsetting the increase in the debt limit with spending cuts.
The higher concentration of hypochlorite especially bleached the blue emitter faster, offsetting the increase of blue emission.
Additionally, Walgreen expects the completion of the strategic transaction with Alliance Boots to drive sustainable efficiencies and value for the combined enterprise, offsetting the increase in drug pricing.
The number of courses taught increased by 23% over the decade, more than offsetting the increase in the number of faculty members (21%).
Similar(49)
"I suspect they are going to have a hard time offsetting the increased regulations," said Mr. Fitzpatrick.
He argued that the switch would save drivers $10,000 a year in fuel costs, offsetting the increased investment in the more expensive hybrid vehicles.
Exposure to 1 nM LY411575 together with Roscovitine, XAV939 or DRB reduces the level of NICD production offsetting the increased stability which rescues the delay.
But drivers could offset the increase through minimal conservation.
But savings from the new building's greater efficiency could offset the increase, officials said.
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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