Meaning of the word "price increase" in English

What does "price increase" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

price increase

US /praɪs ˈɪn.kriːs/
UK /praɪs ˈɪn.kriːs/

Noun

an increase in the cost of goods or services

Example:
The company announced a price increase for all its products.
Consumers are concerned about the recent price increase in fuel.