skyrocket
Pronunciation:
/ˈskaɪˌɹɒk.ɪt/noun
Definitions
A type of firework that uses a solid rocket engine to rise quickly into the sky where it emits a variety of effects such as stars, bangs, crackles, etc.
(by extension) A rebuke, a scolding.
Pocket.
verb
Definitions
To increase suddenly and extremely; to shoot up; to surge or spike.
Example: The shortage caused prices to skyrocket.