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extortionate

 
 
/ɪkˈstɔːʃənət/ adjective disapproving

Definition

more expensive than is reasonable: extortionate fee/price/rate, etc. Most retailers charge extortionate prices for extended warranties - often more than three times as much as an independent provider.
extortionately /ɪkˈstɔːʃənətli/ US   /-ˈstɔːr-/ adverb The government has agreed on measures that protect the renewable energy industry from extortionately high national grid access charges.
(Definition of extortionate adjective from the Cambridge Business English Dictionary © Cambridge University Press)

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