diff --git a/CRM/Price/BAO/PriceField.php b/CRM/Price/BAO/PriceField.php
index 6f3284c63be7..3886043dcce7 100644
--- a/CRM/Price/BAO/PriceField.php
+++ b/CRM/Price/BAO/PriceField.php
@@ -89,6 +89,9 @@ public static function create(&$params) {
       return $priceField;
     }
 
+    if (!empty($params['id'] && empty($priceField->html_type))) {
+      $priceField->html_type = CRM_Core_DAO::getFieldValue('CRM_Price_DAO_PriceField', $params['id'], 'html_type');
+    }
     $optionsIds = array();
     $maxIndex = CRM_Price_Form_Field::NUM_OPTION;
 
@@ -102,6 +105,12 @@ public static function create(&$params) {
       if ($fieldValue->find(TRUE)) {
         $optionsIds['id'] = $fieldValue->id;
       }
+
+      //Update price_field_value label when edited inline.
+      if (!empty($params['id']) && $priceField->label != $fieldValue->label) {
+        $fieldValue->label = $priceField->label;
+        $fieldValue->save();
+      }
     }
     $defaultArray = array();
     //html type would be empty in update scenario not sure what would happen ...