prisrundning

Prisrundning, or price rounding in English, is a common practice in retail pricing where prices are adjusted to the nearest round number, such as the nearest 10 or 100 units of currency. This can be done for various reasons, including simplifying transactions, psychological pricing, and administrative ease. In some cases, rounding might occur when converting prices between different currencies or when implementing sales and discounts, leading to prices that are not exact multiples of the smallest currency unit.

The practice is particularly noticeable in countries where the smallest denomination of currency has been phased out or is no longer commonly used. For example, if the smallest coin is a 50-cent piece, prices might be rounded to the nearest 50 cents, or even to the nearest dollar. This can have a minor impact on consumer spending over time, as many small rounding differences can accumulate. Retailers may also employ rounding as a psychological tactic, making prices appear lower by ending in .99 or .95, though true prisrundning goes further to the nearest whole unit. The extent and nature of prisrundning can vary significantly by country and economic context.