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Discover LudwigThe phrase "prices hiked" is correct and usable in written English.
It can be used in reference to a situation in which prices have increased. For example, "Due to a shortage in supply, the prices of gas were hiked significantly this past week."
Exact(2)
Take energy prices, hiked by up to 11 per cent as pay-packets decline.
NO TAPS were turned off nor prices hiked; no Russian bids for European assets were blocked.
Similar(58)
Hershey Sales Up On Prices Hikes, Advertising Push.
Effects on schooling, too Education also suffers as prices hikes affect families.
Consumers fear steep price hikes.
But price hikes fixed within the industry?
"But subsequent gas price hikes got people thinking about it.
That latter component can trigger extreme price hikes.
The only constant was steady price hikes on cable bills.
OPEC did not increase its production despite the price hikes.
Several New Yorkers didn't take the price hike lightly.
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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