rate increase

USAGE SUMMARY

"rate increase" is correct and usable in written English.
It is typically used to refer to an increase in a rate of something, such as an increase in interest rates or the cost of goods. For example: "The bank announced plans to implement a 4% rate increase on their mortgage loans."

✓ Grammatically correct

News & Media

Encyclopedias

Science

Human-verified examples from authoritative sources

Exact Expressions

56 human-written examples

How would the rate increase affect you?

The New York Times

C25 Investors widely expected the rate increase.

The New York Times

It is an unlimited rate increase".

The New York Times

One year the rate increase was 39 percent.

The New York Times

So why is the rate increase such a big deal?

The New Yorker

Actual plan losses dictate a 160percentt rate increase.

The New York Times

He wants the state to permit a rate increase.

The New York Times

The bank reversed the interest rate increase in March.

The New York Times

Even the bond market reacted favorably to the rate increase.

The New York Times

He described the rate increase as "potentially devastating for us".

The New York Times

It was the central bank's fourth rate increase since June.

The New York Times

Expert writing Tips

Best practice

When discussing a "rate increase", specify the type of rate (e.g., interest rate, insurance rate) to avoid ambiguity. Providing context helps the audience understand the specific implications.

Common error

Avoid using "surcharge" and "rate increase" interchangeably. A surcharge is typically a temporary addition to an existing rate, while a "rate increase" is a more permanent adjustment.

Linguistic Context

The phrase "rate increase" functions primarily as a noun phrase, often acting as the subject or object of a sentence. It refers to the action or event of rates going up. Ludwig AI’s analysis confirms its grammatical correctness and frequent usage.

Expression frequency: Very common

Frequent in

News & Media

65%

Formal & Business

20%

Science

10%

Less common in

Encyclopedias

3%

Wiki

1%

Reference

1%

Ludwig's WRAP-UP

The phrase "rate increase" is a common and grammatically sound noun phrase used to describe a rise in various types of rates. As Ludwig AI confirms, it appears frequently in news, business, and financial contexts. When using the phrase, clarity is key; specify the type of rate to avoid ambiguity. While often used neutrally, understanding the subtle differences between "rate increase" and related terms like "price hike" can improve precision. Remember that a surcharge is a temporary addition, not a true "rate increase".

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

rise in rates

A simple reversal of the original phrase, maintaining the core meaning.

price hike

Focuses specifically on an increase in price, often implying a sudden or significant rise.

fare increase

Specifically refers to an increase in the cost of transportation fares.

interest rate rise

Specifically refers to an increase in interest rates, typically in a financial context.

increase in charges

Focuses on the increased amount to be paid for services or goods.

cost escalation

Emphasizes the gradual increase in costs over time, often in project management.

tariff hike

Specifically refers to an increase in tariffs, often in an international trade context.

fee increase

Refers to an increase in the amount charged for a service or privilege.

premium increase

Specifically denotes an increase in insurance premiums.

growing rate

Implies a continuous or ongoing increase in a specific rate over time.

FAQs

What are some common reasons for a "rate increase"?

Common reasons include rising operational costs, changes in market conditions, increased demand, and regulatory adjustments. The specific reason depends on the type of rate being increased.

How can I phrase a "rate increase" announcement to customers?

Emphasize the value customers receive, explain the reasons for the increase transparently, and highlight any steps taken to mitigate the impact. Consider offering alternatives or discounts where possible.

What's the difference between a "rate increase" and a "price hike"?

While both refer to an increase in cost, "rate increase" is often used in more formal or regulated contexts like utilities or finance, while "price hike" can imply a more sudden or drastic increase, often in consumer goods.

What can I say instead of "rate increase"?

Depending on the context, you could use alternatives like "price hike", "increase in charges", or "interest rate rise".