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to drive up prices
profiteering
The manager was charged with jacking up prices and was put into prison.
A speculative frenzy of borrowing and bidding up is at work.

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Open the tool →哄抬物价 (hōng tái wù jià) means “price gouging, to drive up prices, profiteering”.
哄抬物价 is pronounced hōng tái wù jià in Mandarin Chinese.
“price gouging” is 哄抬物价 (hōng tái wù jià) in Chinese.
This page has 2 example sentences using 哄抬物价, each with pinyin and an English translation.