owing to rising costs

USAGE SUMMARY

The phrase "owing to rising costs" is correct and usable in written English.
It can be used to explain a reason or cause for a particular situation or decision, particularly in financial contexts. Example: "The company has decided to reduce its workforce owing to rising costs associated with production."

✓ Grammatically correct

News & Media

Science

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

4 human-written examples

It was one of the most high-profile retail casualties in the first quarter of the year owing to rising costs, online competition and fragile consumer confidence.

The Times

NASA's Pluto-Kuiper Express, planned as the first flyby of the only planet in the solar system not yet explored by a spacecraft, was canceled owing to rising costs and emphasis on a new mission to explore Europa.

Encyclopedia Britannica

However, the pace of development of Egypt's gas industry has slowed over the past few years owing to rising costs, and the government has to balance the domestic need for gas against the financial advantages of maximising gas exports Egypt is now the eighth-largest exporter of liquefied natural gas (LNG) in the world and is contracted to sell gas by pipeline to Jordan, Syria and Israel.

The Economist

Citic Pacific's first-half profit declined by 12%, to 4.38 billion Hong Kong dollars ($565.0 million), owing to rising costs of raw materials and a loss by Cathay Pacific Airways, which it partially owns.

Forbes

Human-verified similar examples from authoritative sources

Similar Expressions

56 human-written examples

However, the demand for flexible automation systems is increasing owing to rising labor costs and quality requirements, even in emerging countries.

CIRP Annals

No Child Left Behind does virtually nothing to inspire talented people to join the profession, and Bennet didn't have the funds to raise salaries significantly, owing to rising pension costs and declining enrollment in the district.

The New Yorker

As for UPS, it could do with the cash: its second-quarter operating profit shrank by 18%, to $1.45 billion, owing to rising fuel costs and the stagnant American economy.Crafting co-opetition deals is a tricky business, not least because potential partners need to swallow their pride first.

The Economist

Clark is certainly no stranger to getting his way, though his move into real estate came with some serious challenges, owing to rising construction costs and a slowdown in demand for the high-end condominiums he set out to build.

TechCrunch

Since, energy consumption of cloud data centers is a key concern for owners owing to rising energy costs (fuel), CO2 emissions related to this consumption have become relevant [17].

Journal of Cloud Computing

This situation in turn can be attributed to the growing number of retailers and also to increased transport costs owing to rising fuel prices.

Food and Agriculture Organization of the United Nations

People clearly aren't wedded to owning vehicles as they once were, partly owing to congestion and related parking challenges, and partly owing to the rising cost of cars, particularly as they grow increasingly sophisticated.

TechCrunch

Expert writing Tips

Best practice

Use "owing to rising costs" to provide a clear and concise explanation for financial consequences or decisions. It's particularly effective in formal reports, business communications, and academic writing where a direct causal link needs to be established.

Common error

While grammatically correct, "owing to rising costs" can sound overly formal in casual conversation. Opt for simpler alternatives like "because of" or "due to" in less formal settings.

Linguistic Context

The phrase "owing to rising costs" functions as an adverbial phrase of cause. It modifies a clause by providing the reason or explanation for the event or situation described. Ludwig shows numerous examples of this usage.

Expression frequency: Uncommon

Frequent in

News & Media

50%

Science

30%

Formal & Business

20%

Less common in

Encyclopedias

0%

Wiki

0%

Academia

0%

Ludwig's WRAP-UP

In summary, "owing to rising costs" is a causal connector primarily used in formal contexts to explain situations resulting from increased expenses. Ludwig AI analysis confirms its grammatical correctness and frequent use in News & Media, Science, and Formal & Business settings. While effective in professional and academic environments, simpler alternatives may be preferable in casual settings. The phrase is generally interchangeable with "due to rising costs", though slightly more formal. Common usage involves explaining project delays, budget adjustments, or market shifts.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

Due to increased expenses

Replaces "owing to" with a more direct causal phrase, focusing on the expenses themselves.

Resulting from higher costs

A simple and direct way to state the cause-and-effect relationship.

Because of escalating prices

Highlights the escalating nature of the prices as the primary cause.

As a result of higher expenditures

Formal alternative emphasizing the outcome of increased spending.

Attributable to growing costs

A more formal and analytical way to express the cause.

In light of increasing costs

Indicates the increasing costs are a relevant factor that influences a decision or situation.

On account of inflated costs

Emphasizes the inflated or artificial increase in costs.

Arising from escalating costs

Suggests the costs are actively growing and creating the effect.

Stemming from increased prices

Suggests the rising prices are the origin or source of the effect.

Driven by rising expenditures

Focuses on the expenditures as the driving force behind the situation.

FAQs

How can I use "owing to rising costs" in a sentence?

Use "owing to rising costs" to explain why something is happening because expenses have increased. For example, "The project was delayed "owing to rising costs" of materials".

What is a simpler alternative to "owing to rising costs"?

Alternatives include "due to rising costs", "because of increased expenses", or "as a result of higher expenditures" depending on the level of formality required.

Is "owing to rising costs" formal or informal?

"Owing to rising costs" is generally considered a formal phrase. In informal contexts, simpler alternatives such as "because of rising costs" are more appropriate.

What's the difference between "owing to rising costs" and "due to rising costs"?

Both phrases have similar meanings and can often be used interchangeably. However, "owing to" tends to be slightly more formal than "due to". The choice between them often depends on the context and the desired tone.