Pink wine went up in price (4)
I believe the answer is:
rose
'pink wine' is the definition.
(I know that pink wine can be written as rose)
I don't understand the remainder of the clue.
Can you help me to learn more?
(Other definitions for rose that I've seen before include "Prickly shrub with bright flowers" , "Thorny flowering plant" , "Flower; went upwards" , "Thorny plant with bright flowers" , "Herb - girl's name(s)" .)