Definition of skyrocket verb from the Oxford Advanced Learner's Dictionary

 

skyrocket

 verb
verb
BrE BrE//ˈskaɪrɒkɪt//
 
; NAmE NAmE//ˈskaɪrɑːkɪt//
 
[intransitive]Verb Forms present simple I / you / we / they skyrocket
BrE BrE//ˈskaɪrɒkɪt//
 
; NAmE NAmE//ˈskaɪrɑːkɪt//
 
he / she / it skyrockets
BrE BrE//ˈskaɪrɒkɪts//
 
; NAmE NAmE//ˈskaɪrɑːkɪts//
 
past simple skyrocketed
BrE BrE//ˈskaɪrɒkɪtɪd//
 
; NAmE NAmE//ˈskaɪrɑːkɪtɪd//
 
past participle skyrocketed
BrE BrE//ˈskaɪrɒkɪtɪd//
 
; NAmE NAmE//ˈskaɪrɑːkɪtɪd//
 
-ing form skyrocketing
BrE BrE//ˈskaɪrɒkɪtɪŋ//
 
; NAmE NAmE//ˈskaɪrɑːkɪtɪŋ//
 
 
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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 American Dictionary entry: skyrocket