DEF: to rise extremely quickly
EX:
Inflation has made food price skyrocketed in recent months.
This song has skyrocketed to number 1 on the chart in one week.
Merriam-Webster Online Dictionary
skyrocket (noun) - rocket
transitive verb
1.
to cause to rise or increase abruptly and rapidly
2.
intransitive verb
- catapult to shoot up abruptly - prices are skyrocketing
