extortionate

[ik-stawr-shuh-nit]
adjective
1.
grossly excessive; exorbitant: extortionate prices.
2.
characterized by extortion, as persons: extortionate moneylenders.

Origin:
1780–90; extortion + -ate1

extortionately, adverb
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World English Dictionary
extortionate (ɪkˈstɔːʃənɪt)
 
adj
1.  (of prices, etc) excessive; exorbitant
2.  (of persons) using extortion
 
ex'tortionately
 
adv

Collins English Dictionary - Complete & Unabridged 10th Edition
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Example sentences
Its extortionate rates make the need, and the need of the poor was ever the
  opportunity of their oppressor.
It has thousands upon thousands of lodgers who help to pay its extortionate
  rents.
Western luxury-goods firms may be able to tolerate extortionate rents for
  central locations.
The people down here have to pay extortionate high rents if they want quality.
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