Definition of skyrocket verb from the Oxford Advanced American Dictionary

 

skyrocket

 verb
verb
NAmE//ˈskaɪˌrɑkət//
 
[intransitive]Verb Forms present simple I / you / we / they skyrocket
 
he / she / it skyrockets
 
past simple skyrocketed
 
-ing form skyrocketing
 
 
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(of prices, etc.) to rise quickly to a very high level Wages and prices have skyrocketed. The economic boom sent property prices skyrocketing.
See the Oxford Advanced Learner's Dictionary entry: skyrocket