"Price spikes" refers to sudden and sharp increases in the cost of a product or service. It happens when the price goes up significantly and rapidly, usually due to factors like high demand or limited supply.
At the pump, clean fuels will protect consumers from oil price spikes by providing greater choices, while increased local production will create jobs producing clean fuels across our state. (climatesolutions.org)
The food price spikes of 2008 brought new attention to the need for developing countries to reduce their dependence on imports and invest in their small - scale food producers. (foodtank.com)
The shortages, and the threat of food price spikes, could lead to unrest. (climatestate.com)