diff --git a/bindings/python/gnucash_core.py b/bindings/python/gnucash_core.py
index cce02035b8..6420a176a1 100644
--- a/bindings/python/gnucash_core.py
+++ b/bindings/python/gnucash_core.py
@@ -352,7 +352,7 @@ class GncPrice(GnuCashCoreClass):
 
       See also http://code.gnucash.org/docs/head/group__Price.html
     '''
-    pass
+    _new_instance = 'gnc_price_create'
 GncPrice.add_methods_with_prefix('gnc_price_')