Also means
ridiculously (as intensifier)
Usage Note
aberwitzig intensifies to the point of absurdity, stronger than sehr. Often collocates with prices or demands: aberwitzig teuer (outrageously expensive). Used in spoken and journalistic registers.
Examples
"Die Mieten in der Innenstadt sind aberwitzig hoch."
Natural Translation
The rents in the city centre are outrageously high.
Literal Translation
The rents in the city-centre are absurdly high.

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