Crossword Genius

Like prices that have sharply risen? (5)

Ross

I believe the answer is:

steep

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'like' is the definition.
Both the answer and definition are adjectives. Maybe there's an association between them I don't understand?

I cannot understand how the remainder of the clue works.

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(Other definitions for steep that I've seen before include "Difficult" , "not reasonable" , "Without the bounds of moderation" , "Soak; expensive (price)" , "Sharply inclined" .)

I've seen this clue in The Globe and Mail and The Irish News.
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