diff --git a/addons/product/product_data.xml b/addons/product/product_data.xml
index 97939b6d710..05036814cde 100644
--- a/addons/product/product_data.xml
+++ b/addons/product/product_data.xml
@@ -73,7 +73,7 @@ parameter) will see those record just disappear.
 		<field name="currency_id" ref="base.EUR"/>
 	</record>
 	<record model="product.price.type" id="standard_price">
-		<field name="name">Standard Price</field>
+		<field name="name">Cost Price</field>
 		<field name="field">standard_price</field>
 		<field name="currency_id" ref="base.EUR"/>
 	</record>