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Adjective: extortionate  ik'stor-shu-nut or ek'stor-shu-nut
  1. (of a cost) unreasonably high or excessive
    "extortionate prices"; "The restaurant charged extortionate prices for basic dishes";";
    - exorbitant, outrageous, steep, unconscionable, usurious [formal], exhorbitant [non-standard], eye-watering [informal]
     
  2. (law) involving extortion or practices that extort money
    "The gang's extortionate demands threatened local businesses"

See also: immoderate