<p>Yes there are used interchangeably in the literature e.g. see the occurrences printed in Mankiw Principles of Economics. For example, on page 509 its used completely interchangeably:</p>
<blockquote>
<p>If a Pennsylvania gun manufacturer <strong>raises the price</strong>
of rifles it sells to the U.S. Army, <strong>its price hikes will
increase</strong>...</p>
</blockquote>
<p>Price hike is also not special economic jargon, it is used pretty much consistently with dictionary definition.</p>
<blockquote>
<p>A hike is a sudden or large increase in prices...</p>
</blockquote>

CC BY-SA 4.0
2021-05-13T00:20:14.907Z
2021-05-13T00:20:14.907Z
1muflon1
<p>Since my childhood I have a belief that in <em>economics</em> <strong>price rise</strong> and <strong>price hike</strong> synonymous with each other.</p>
<p>Moreover, the Collin dictionary strengthens by belief:</p>
<p><a href="https://www.google.com/amp/s/www.collinsdictionary.com/amp/english/price-hike" rel="nofollow noreferrer">Hike</a></p>
<p>But what you experts have to say--- are they absolutely same?</p>

<definition><nonexpert><price>
Is 'price hike' synonymous with 'price rise'?
user100323
# Is 'price hike' synonymous with 'price rise'?

(Asked by: username_0 on 2021-05-12)

Since my childhood I have a belief that in *economics* **price rise** and **price hike** synonymous with each other.

Moreover, the Collin dictionary strengthens by belief:

[Hike](https://www.google.com/amp/s/www.collinsdictionary.com/amp/english/price-hike)

But what you experts have to say--- are they absolutely same?

**Tags:** definition, nonexpert, price

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## 1 answers

### Answer by username_1 on 2021-05-13. Score: 1

Yes there are used interchangeably in the literature e.g. see the occurrences printed in Mankiw Principles of Economics. For example, on page 509 its used completely interchangeably:

> If a Pennsylvania gun manufacturer **raises the price**
> of rifles it sells to the U.S. Army, **its price hikes will
> increase**...

Price hike is also not special economic jargon, it is used pretty much consistently with dictionary definition.

> A hike is a sudden or large increase in prices...


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