The Iceman averaged 106 and hit eight from his nine attempts at double as he powered past the current world champion.
Both men are currently involved in a fierce battle over the world number one ranking - a title which Price will continue to hold following Sunday's win in Germany.
The Welshman reached the showpiece following his 7-3 win over Nathan Aspinall in the semi-final.
He also enjoyed victories over Danny Noppert and Damon Heta in the earlier rounds of the tournament.
Wright, on the other hand, had to prevail against fellow Premier League players to book his place in the final.
Snakebite got the better of Michael Smith in the quarter-final to mark his fourth straight victory over Bully Boy since November 2021.
The Scot then went on to beat in-form Jonny Clayton in a high-quality semi-final contest.
Nevertheless, Wright ultimately fell at the final hurdle as he struggled to keep up with the Iceman's checkout rate.
Next up on the darting calendar is the return of the Premier League. Night four of the event will take place in Exeter as Price and Wright prepare to go head-to-head once more.