The hike was an all-day thing, but no damage done.

sales-tax hike
消費税［売上税］の引き上げ

sharp hike in the yen
急激な円高

steep hike in food price
食品価格の大幅上昇

tax hike
増税、税の引き上げ

tax hike plan
税率引き上げ案

tax-hike measures
増税対策

The hike was an all-day thing, but no damage done.
ハイキングは丸1日だったが、無事終わった。

wage hike
賃上げ