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Discover Ludwig"prices skyrocketed" is correct and usable in written English.
You can use it when you need to describe a situation in which prices have risen very quickly and significantly. Example sentence: During the past year, oil prices have skyrocketed due to the shortage of supply.
Exact(60)
"But then the prices skyrocketed," he said.
When grain prices skyrocketed, potato prices remained stable.
Overnight, diesel prices skyrocketed, and compressed natural gas rose fivefold.
"Then Chablis prices skyrocketed after a killer frost in 1956.
Prices skyrocketed, and protests were reported in scattered cities.
Unfortunately, because of this government's many economic misdeeds, prices skyrocketed before any reform could take place.
"As land prices skyrocketed, the feasibility of operating just at night didn't make sense".
Electricity prices skyrocketed in California in part for standard supply-and-demand reasons.
This spring, laundry equipment prices skyrocketed 17percentthethe biggest increase on record.
Prices skyrocketed to unsustainable levels, before crashing spectacularly as demand dried up.
Food prices skyrocketed, and, as wallets were pinched, the country tumbled into another recession.
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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