Meaning of the word extortionate in English

What does extortionate mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

extortionate

US /ɪkˈstɔːr.ʃən.ət/
UK /ɪkˈstɔː.ʃən.ət/

Adjective

charging too much for something; excessively high

Example:
The prices at that restaurant are absolutely extortionate.
They were forced to pay extortionate rates for basic necessities.