Meaning of the word "rising cost" in English

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

rising cost

US /ˈraɪ.zɪŋ kɔːst/
UK /ˈraɪ.zɪŋ kɒst/
"rising cost" picture

Noun

the increase in the amount of money that must be paid to buy, use, or do something

Example:
Many families are struggling with the rising cost of living.
The rising cost of fuel is affecting the transport industry.