price gouging

[ prahys gou-jing ]
/ ˈpraɪs ˌgaʊ dʒɪŋ /

noun

an act or instance of charging customers too high a price for goods or services, especially when demand is high and supplies are limited: The law prohibits price gouging during weather emergencies such as snowstorms.

OTHER WORDS FROM price gouging

price gouge, price-gouge, verb (used with or without object) price goug·er, noun