"You're all right. I’m in the wrong," the mum-of-five said on the Loose Women panel when speaking about what age is appropriate for kids to wear makeup.
Katie Price admitted sharing the photo of Princess (right) was wrong
"To me that's innocent because she’s copying her mum," Price continued. "But so many people said to me 'Oh my god Katie, think about paedophiles.
"And I thought 'Oh yeah, you're right'. When you say it, I can see it."
"Princess sees how I pose. She thinks it’s natural," she said. "These pictures were taken when we did panto at Christmas and she just saw her mum doing it.
In the video, Princess said: "By the way, I wanna do my makeup. Not my mum, I do. And anyway, it's none of your beeswax, so oooosh!"
Asked if Peter Andre had strong views on the saga, Price added: "He did after the video. He said she doesn't speak like that. And I said 'Yeah, you're right'."
Price, is also mum to Harvey, 13, Junior, 10, Jett, two, and Bunny, one.