"the pace of increase" is correct and usable in written English.
You can use it to describe how quickly something is increasing or changing. For example, "The pace of increase in global temperatures has been alarming since the beginning of the 21st century."
"The pace of increase is not slowing, but it has stabilised.
"I think the pace of increase of the gray economy is very fast".
Employment surged by 239k in the last 3 months – more than double the pace of increase that was expected.
Health-care costs have risen far faster than inflation for years (although the pace of increase slowed considerably since Obamacare was enacted).
After China last August raised the amount of money that banks must set aside as reserves, the pace of increase in the money supply did slow slightly.
Professor Rosen said that rising interest rates, in expectation of credit-tightening by the Fed, could slow the pace of increase in home prices.
The rise in rents does not yet compare to the pace of increases in the sales market.
This is the second year in a row that states have picked up the pace of increasing the minimum wage, after President Barack Obama's proposal to increase the federal rate to $10.10 an hour stalled in Congress.
Average rents in the UK reached £937 per month in July as the pace of increases took a significant step up amid a shortage in the supply of housing.
When state and local support for public colleges declined over the last seven years, tuition and fees rose more quickly, and as state support has grown of late, the pace of increases fell, it said.
For weeks, the government has signalled it was planning to scrap its unpopular proposal to slow the pace of increases to pensions, and replace it with changes to eligibility to part-pensions for wealthier retirees who have substantial assets.
