diff --git a/addons/product/product.py b/addons/product/product.py
index 0818bd237eb..db329313428 100644
--- a/addons/product/product.py
+++ b/addons/product/product.py
@@ -271,7 +271,7 @@ class product_template(osv.osv):
         'rental': fields.boolean('Can be Rent'),
         'categ_id': fields.many2one('product.category','Category', required=True, change_default=True, domain="[('type','=','normal')]" ,help="Select category for the current product"),
         'list_price': fields.float('Sale Price', digits_compute=dp.get_precision('Sale Price'), help="Base price for computing the customer price. Sometimes called the catalog price."),
-        'standard_price': fields.float('Cost Price', required=True, digits_compute=dp.get_precision('Account'), help="Product's cost for accounting stock valuation. It is the base price for the supplier price."),
+        'standard_price': fields.float('Cost Price', required=True, digits_compute=dp.get_precision('Purchase Price'), help="Product's cost for accounting stock valuation. It is the base price for the supplier price."),
         'volume': fields.float('Volume', help="The volume in m3."),
         'weight': fields.float('Gross weight', help="The gross weight in Kg."),
         'weight_net': fields.float('Net weight', help="The net weight in Kg."),