exorbitant
adj.adj. describing a price or amount of money that is much too high and unfair. You use it when something costs far more than it should.
adj. exceeding the bounds of custom, propriety, or reason, especially regarding price or cost. Often used predicatively after 'be' or 'seem' to criticise a financial demand.
The hotel charged an exorbitant price for a bottle of water.
Many residents were forced to move out of the city center because of the exorbitant rent increases.
While the technology was undeniably groundbreaking, the exorbitant licensing fees prevented smaller firms from adopting it, effectively stifling competition within the industry for several years.
From Middle English exorbitant, through Old French from Late Latin exorbitāns, present active participle of exorbitō (“to go out of the track”), from ex (“out”) + orbita (“wheel-track”); see orbit. Compare French exorbitant.
Typically modifies nouns related to money, such as 'price', 'fee', 'rent', or 'cost'.