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Prices are increasing.

Prices have been/ have increased.

Prices increase.

I know all of them are grammatically correct and all mean that prices increased in the past and still continue to increase in the future but I wonder what's the difference in meaning between the three of them.

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"Prices are increasing" means that currently prices are increasing over time, there is a gradual change happening.

"Prices increase" would mean that it is a characteristic of prices to increase, it is a general truth.

"Prices have been increasing" means that it has been happening for a period of the time, from the past until this moment.

"Prices have increased" means that the increasing has recently stopped, but the result is that things are more expensive now.

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