plummet

verb [ I ]
UK /ˈplʌm.ɪt/ US /ˈplʌm.ɪt/

to fall very quickly and suddenly:

Several large rocks were sent plummeting down the mountain.
She plummeted to the ground.

Temperatures plummeted last night.

The parachute failed to open and he plummeted to the ground.

to go down in amount or value very quickly and suddenly:

House prices have plummeted in recent months.
plummet (by) sth - First-half advertising revenues plummeted 13%, compared with the
same period a year ago.
plummet to sth - The food retailer's shares plummeted 17.5p to 227.5p.
a plummet in sth - The petrol retailer denies its 25% dividend hike is to prop up the shares after a
plummet in the price from 270p to 118p.
Compared to most of their urban counterparts, whose real incomes plummeted, farmers fared
well.
The reform has not seriously addressed the problem from the perspective of the health workers:
without informal payments their standard of living would plummet.
As the age distribution changes, the number of younger adults per older adult in the population will
continue to plummet.

All three saw their import levels plummet in relation to total imports, with annual declines
averaging between 4 per cent and 5.5 per cent.

In the last decade the performance of robots has increased enormously while at the same time
their prices have been plummeting.
As a consequence, the economic status of priests plummeted, making entry into the clergy less
attractive.
At the same time, the rats give up eating and their body weights plummet.