What does the cryptic crossword clue "Fronts for thieving racketeers announce massive price hike (5)" mean?

The definition is "hike". The wordplay uses a charade (building blocks). T (first_letter="thieving") + R (first_letter="racketeers") + A (first_letter="announce") + M (first_letter="massive") + P (abbreviation="price") = TRAMP; definition: "hike" The answer is TRAMP.

Fronts for thieving racketeers announce massive price hike (5)

Independent Cryptic #11709 | 6 Across | 2024-04-20 flower

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