price escalation

USAGE SUMMARY

The phrase "price escalation" is correct and usable in written English.
It can be used to describe an increase in prices, often in the context of economics, contracts, or market conditions. Example: "Due to unforeseen circumstances, we are facing significant price escalation in our supply chain."

✓ Grammatically correct

News & Media

Science

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

24 human-written examples

"In education, you have this clear price escalation without incredible improvement in the product.

The New York Times

The price escalation of historic and period properties can be seen around the world, brokers say.

The New York Times

The situation is that no-one could have predicted house price escalation in the recent years".

The Guardian - Money

With conspicuous consumption the norm, extreme price escalation can well be expected.

The New York Times

The May announcement of a 300,000 bpd increase in production barely dented price escalation.

The Guardian

No one foresaw the price escalation that began well after the beginning of this year.

The New York Times

Human-verified similar examples from authoritative sources

Similar Expressions

32 human-written examples

"The Drug Industry Cashes In" (editorial, Nov. 18) correctly points out that the drug industry's price escalations threaten to make a mockery of its deal with the Senate Finance Committee and the Obama administration.

The New York Times

Nobody knows yet what the future business of art will look like, but price escalations on the order of Richard Prince's series of nurse paintings — $50,000 in 2003, $300,000 in 2005, $1 million in 2006 and $8.4 million in the summer of 2008 — are most likely not in the picture.

The New York Times - Magazine

These greedy grabs by their manufacturers create public anger and even congressional inquiries, but the corporate system of price escalations grinds on without relief on the horizon as Big PhRMA and its lobbyists continue to prevail.

Huffington Post

Then in 2004 and 2005 shipping activity and rates surged with the recovery and oil-price escalation.

Forbes

Further, creeping gas prices, an escalation of the conflict in the Middle East or other factors could create severe head winds for  Mr.

The New York Times

Expert writing Tips

Best practice

When discussing "price escalation" in contracts, clearly define the conditions under which prices may increase and the maximum allowable increase to avoid disputes.

Common error

Avoid using "price escalation" when simply referring to general inflation. "Price escalation" typically implies a more specific and pronounced increase in a particular sector or product due to specific circumstances, not just the overall rise in prices.

Linguistic Context

The phrase "price escalation" functions as a noun phrase, often acting as the subject or object of a sentence. Ludwig AI confirms its grammatical correctness and usability in various contexts.

Expression frequency: Common

Frequent in

News & Media

40%

Science

32%

Formal & Business

12%

Less common in

Encyclopedias

8%

Reference

4%

Academia

4%

Ludwig's WRAP-UP

In summary, "price escalation" is a noun phrase used to describe a significant and rapid increase in prices. It is considered grammatically correct and commonly used across various contexts, including news, science, and business, as confirmed by Ludwig AI. While similar to inflation, it typically refers to specific sectors or products. When writing about "price escalation", it's essential to define the conditions under which prices may increase and avoid confusing it with general inflation. Understanding these nuances ensures clear and effective communication about rising costs.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

cost inflation

This alternative focuses on the inflationary aspect of rising costs.

increasing prices

A more straightforward and general way to describe rising prices.

rising costs

This phrase highlights the increasing financial burden.

price surge

This alternative emphasizes a sudden and significant increase in prices.

cost explosion

This alternative indicates a rapid and uncontrolled increase in costs.

price hike

This phrase suggests a sharp and often unwelcome increase in price.

value appreciation

This alternative focuses on the increase in value, particularly in assets.

market correction

In financial contexts, this alternative can suggest a rise in price after a decline, but also an uncontrolled increment

expense growth

A more general term for the increase in expenses, not necessarily rapid.

tariff increase

Specifically refers to increases in tariffs or duties.

FAQs

What does "price escalation" mean?

"Price escalation" refers to a significant and rapid increase in the price of goods, services, or assets, often due to specific market conditions or unforeseen circumstances.

How does "price escalation" differ from inflation?

While both involve rising prices, "price escalation" is typically more specific to a particular sector or product, while inflation reflects a general increase in the price level across an economy. See also "inflation".

What are some alternatives to saying "price escalation"?

You can use alternatives like "increasing prices", "rising costs", or "cost inflation" depending on the context.

How can I prevent "price escalation" in my contracts?

Include clauses that clearly define the conditions for price adjustments, set maximum allowable increases, and consider using fixed-price agreements where possible.