2alsohike up [transitive]especially American EnglishBBto increase a price, tax etc by a large amount [= raise]
hike something ↔ up
1to lift up a piece of your clothing:
She hiked her skirt up to climb the stairs.
2to increase a price, tax etc by a large amount
WORD FOCUS: walk WORD FOCUS: walk strollin a relaxed way for pleasure wanderwith no aim or direction stridein a confident or angry way marchsoldiers hikefor long distances in the countryside or the mountains tiptoevery quietly wadethrough water staggerin an unsteady way because you are drunk or injured limpwith difficulty because one leg is painful or injuredwalk ➔ See alsowalk
Definition of hike from the Longman Dictionary of Contemporary English within the topic BUSINESS BASICS