Meaning of the word "exorbitant price" in English

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

exorbitant price

US /ɪɡˈzɔːr.bɪ.tənt praɪs/
UK /ɪɡˈzɔː.bɪ.tənt praɪs/
"exorbitant price" picture

Phrase

a price that is much too high; an unreasonable or excessive cost

Example:
The restaurant charged an exorbitant price for a small bottle of water.
Many tourists complain about the exorbitant prices in the city center.