hike

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hike /h'aɪk/ (hikes hiking hiked)
1 [N-COUNT]
A hike is a long walk in the country, especially one that you go on for pleasure.
= walk
2 [VERB] V prep/adv, V n
If you hike, you go for a long walk in the country.
You could hike through the Fish River Canyon...
We plan to hike the Samaria Gorge.
● hiking [N-UNCOUNT] oft N n
...heavy hiking boots.
3 [N-COUNT] usu supp N
A hike is a sudden or large increase in prices, rates, taxes, or quantities. (INFORMAL)
...a sudden 1.75 per cent hike in Italian interest rates...
= rise, increase
4 [VERB] V n
To hike prices, rates, taxes, or quantities means to increase them suddenly or by a large amount. (INFORMAL)
It has now been forced to hike its rates by 5.25 per cent...
= raise
[PHRASAL VERB] V P n (not pron), V n P
Hike up means the same as hike.
The insurers have started hiking up premiums by huge amounts...
Big banks were hiking their rates up.

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