Correct

飞涨

/ fēizhǎng / 
Strokes

Definition

soaring inflation/rocketing prices

Example

As a Verb

(of prices, water level, etc) soar; shoot up; skyrocket

1
Yīyào
医药
fèiyòng
费用
fēizhǎng
飞涨
  
。

Medical costs skyrocketed.

2
Wùjià
物价
fēizhǎng
飞涨
  
。

Prices are rising sharply.

3
Fēizhǎng
飞涨
de
的
shēnghuó
生活
fèiyòng
费用

flyaway/runaway living costs