ENGLISH
REFERENCE

spike

n. countable
B2 Upper Intermediate US //ˈspaɪk// UK //spˈaɪk// spike Archaic Informal Slang

n. a sudden, sharp increase in the amount or price of something. It can also mean a long, thin piece of metal with a sharp point.

n. a sharp, sudden increase in a quantity or value; alternatively, a thin, pointed piece of metal or wood. Often used in economic contexts to describe price volatility.


SIMPLE

There was a sudden spike in oil prices this morning.

CONTEXTUAL

The hospital prepared for a spike in admissions during the flu season.

COMPLEX

Economists noted a significant spike in consumer spending following the tax cuts, though the growth proved to be temporary as inflation began to rise.

Synonyms
Etymology 1

From spike, variously from having spiky hair, being thin (like a railroad spike), etc.

Etymology 2

From spike, perhaps a nickname for a tall, thin person.

Usage

Commonly used with the preposition 'in' when referring to data or prices.

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