Grunnpris

Grunnpris is a Norwegian term that denotes a base price or reference price used to enable price comparison and standardization. It is typically the price per a standard unit of measure, such as per liter, per kilogram, or per 100 grams, and is shown alongside the total price of a product.

Purpose and use: The grunnpris is intended to help consumers compare products with different sizes and packaging. By converting prices to a common unit, shoppers can assess value more easily. The calculation is straightforward: grunnpris equals the price divided by the amount in the base unit (for example, price per liter = total price / liters).

Regulatory context: In many retail markets, including Norway, authorities require that the grunnpris be displayed on product labels or price lists to promote transparency. The displayed unit price reflects the standard measurement used for comparison, not necessarily discounted sale prices.

Limitations and nuances: The grunnpris may reflect only the base product and standard packaging; promotional discounts or bundled offers may have different prices while grunnpris remains the reference unit price. For services, grunnpris can also refer to the base price for a service before optional add-ons or taxes.

See also: Unit price, price per unit, reference price, price labeling.