The process of comparing the prices of a particular product or service from different providers in order to find the cheapest offer.
example
Vor dem Kauf eines neuen Fernsehers lohnt sich ein Preisvergleich im Internet.
Before buying a new television, it is worth doing a price comparison online.
Usage tips
Word composition
The word consists of 'Preis' (price) and 'Vergleich' (comparison). The 's' in between is a linking s that connects the two parts. 'Vergleich' comes from the verb 'vergleichen' (to compare).
EXAMPLE
Ein gründlicher Preisvergleich kann viel Geld sparen.
A thorough price comparison can save a lot of money.
Typical verbs
'Preisvergleich' (price comparison) is often used with the verbs 'machen' (to make/do) or 'durchführen' (to carry out). For example, you say that you 'einen Preisvergleich macht' (do a price comparison) in order to check offers.
EXAMPLE
Bevor ich das Handy kaufe, mache ich online einen Preisvergleich.
Before I buy the phone, I do a price comparison online.
Typical expressions
A very common expression is 'ein Preisvergleich lohnt sich' (a price comparison is worth it). The place where the comparison is made is often mentioned, for example 'im Internet' (on the internet) or 'auf einer Webseite' (on a website).
EXAMPLE
Ein Preisvergleich für Flüge lohnt sich fast immer.
A price comparison for flights is almost always worth it.