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What does skyrocketing mean?

Looking for the meaning or definition of the word skyrocketing? Here's what it means.

Verb
  1. present participle of skyrocket
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It's not news that nitrogen prices are skyrocketing, and your customers will want to know why and what to do about it.
Affordable financing is contributing to the skyrocketing demand for motorcycles.
Of course many youngsters go uptown because, with rents skyrocketing downtown, it makes economic sense.
This sluggish growth will impede the creation of job opportunities, while skyrocketing inflation will definitely decrease people's real incomes.
Bad loans were ballooning, costs were skyrocketing, and warring fiefdoms from its three merged banks were resisting change.
By sheer happenstance, the challenge of skyrocketing butterfat prices coincided with the waning economy.

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