What does cost increase mean?

Definitions for cost increase
cost in·crease

This dictionary definitions page includes all the possible meanings, example usage and translations of the word cost increase.

Princeton's WordNet

  1. rise, boost, hike, cost increasenoun

    an increase in cost

    "they asked for a 10% rise in rates"

Wikipedia

  1. cost increase

    A cost overrun, also known as a cost increase or budget overrun, involves unexpected incurred costs. When these costs are in excess of budgeted amounts due to a value engineering underestimation of the actual cost during budgeting, they are known by these terms. Cost overruns are common in infrastructure, building, and technology projects. For IT projects, a 2004 industry study by the Standish Group found an average cost overrun of 43 percent; 71 percent of projects came in over budget, exceeded time estimates, and had estimated too narrow a scope; and total waste was estimated at $55 billion per year in the US alone.Many major construction projects have incurred cost overruns; cost estimates used to decide whether important transportation infrastructure should be built can mislead grossly and systematically.Cost overrun is distinguished from cost escalation, which is an anticipated growth in a budgeted cost due to factors such as inflation.

ChatGPT

  1. cost increase

    A cost increase refers to a rise in the price or expenditure of a product, service or an operation. This could be due to various factors such as inflation, higher production costs, changes in market demand, government regulations, or other unexpected expenses. The increase in cost can impact businesses, consumers, and the overall economy, often resulting in reduced profits, decreased purchasing power, and adjustments to budget allocations.

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Numerology

  1. Chaldean Numerology

    The numerical value of cost increase in Chaldean Numerology is: 6

  2. Pythagorean Numerology

    The numerical value of cost increase in Pythagorean Numerology is: 5

Examples of cost increase in a Sentence

  1. Elizabeth Stewart:

    There is an overall trend in food cost increase, if in the future our costs go up it will be driven by the trend in food costs, and not this initiative.

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"cost increase." Definitions.net. STANDS4 LLC, 2024. Web. 28 Feb. 2024. <https://www.definitions.net/definition/cost+increase>.

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