English for Today by Ganiu Abisoye Bamgbose (Dr GAB)

PRIZE or PRICE?

You have to come to the office to claim your ~price~ (nonstandard).
You have to come to the office to claim *prize* (standard).
A prize is money or something valuable that is given to someone who has the best results in a competition or game, or as a reward for doing good work.

There was an increase in the ~prize~ of petrol (nonstandard).
There was an increase in the *price* of petrol (standard). The price of something is the amount of money that you have to pay in order to buy it.

Note that while “prize” has the /z/ sound, /praɪz/, “price” has the /s/ sound, /praɪs/.

Consistency is the *price* you have to pay to enjoy the *prize* of your endeavour.
GAB

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