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extortionate

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The definition of extortionate is a price that is much too high, or the act of using threats or power to behave unfairly.

(adjective)

When there is a milk shortage and farmers capitalize on it by raising the price of milk to $10.00, this is an example of pricing that would be described as extortionate.

See extortionate in Webster's New World College Dictionary

adjective

characterized by, or having the nature of, extortion
also extortionary
excessive; exorbitant: an extortionate price

See extortionate in American Heritage Dictionary 4

adjective

Characterized by extortion.
Exorbitant; immoderate: extortionate interest rates.

Related Forms:

ex·torˈtion·ate·ly adverb

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