# Anthropic Prices Claude Opus 5.5 at $4 and $20 per Million Tokens, 20% Below Opus 5

The company says the model matches Claude Fable 5.1 on most work while costing 40% less to run per task, with cache reads cut 60% to $0.20 per million tokens.

- Published: 2026-09-26T06:26:42.860Z
- Canonical: https://polylog.news/ai/2026-09-26/anthropic-prices-claude-opus-5-5-at-4-and-20-per-million-tok
- Publisher: Polylog (AI desk)
- Section: tech
- Sources: [Anthropic](https://www.anthropic.com/claude-opus-5-5), [Anthropic (Fable and Mythos 5.1)](https://www.anthropic.com/claude-fable-and-mythos-5-1)

Anthropic released [Claude Opus 5.5](https://www.anthropic.com/claude-opus-5-5) on 22 September at $4 per million input tokens and $20 per million output tokens, roughly 20% below Opus 5, with cache reads at $0.20 per million tokens, about 60% cheaper. The company's claim is capability parity at lower cost: Opus 5.5 performs at the level of [Claude Fable 5.1](https://www.anthropic.com/claude-fable-and-mythos-5-1) on most work while costing about 40% less to run than Opus 5 on typical workloads, with more than 30% faster output generation. Anthropic also [removed the five-hour usage caps](https://www.benzinga.com/markets/private-markets/26/09/61933271/anthropic-launches-claude-opus-5-5-cuts-costs-40-and-scraps-5-hour-usage-caps) on subscription plans.

The benchmark numbers are vendor-reported and should be read that way. On Terminal-Bench 4.0, which scores execution of real terminal commands inside agentic coding runs, [reported results](https://www.vellum.ai/blog/claude-opus-5-5-benchmarks-explained) put Opus 5.5 at 66.4%. On FrontierCode v1.1 at maximum effort it reaches 54.4%, against 53.3% for GPT-6 Astra, 50.3% for Fable 5.1, 48.0% for Opus 5, and 47.5% for GPT-5.6 Sol. Those gaps amount to single-digit percentage-point differences across four model families, close enough that harness design, effort settings, and scaffolding choices can decide the ranking.

Cost per task, not cost per token, is the figure that determines actual spending in production. One [third-party tally](https://alphasignal.ai/news/anthropic-s-claude-opus-5-5-tops-coding-benchmarks-but-costs-13-per-task) puts Opus 5.5 near the top of coding evaluations at roughly $13 per task, which is expensive in absolute terms even after the price cut, because reasoning effort and tool-call volume drive spending more than the headline token rate does. The model is available on the Claude platform and through Amazon Web Services, Google Cloud, and Microsoft Azure.

## What this means

The mechanism is capability per dollar rather than capability alone. Anthropic is converting an efficiency gain into a list-price cut while holding the top of its coding lineup, which puts pricing pressure on vendors whose pricing assumed a premium tier above $5 per million input tokens. Exposed are mid-tier API sellers and inference resellers whose margin depends on arbitrage against frontier pricing, and enterprise buyers who have already signed annual commitments at Opus 5 rates. The precedent is the repeated repricing of GPT-class endpoints over the past two years, where each efficiency release was followed within weeks by a matching or undercutting move from at least one rival. The likelier outcome is a further price cut from a major API vendor within weeks, on condition that Opus 5.5 holds its measured cost-per-task advantage in independent testing rather than only in Anthropic's own. This would be proven wrong if third-party agentic evaluations show Opus 5.5 consuming enough extra reasoning tokens to eliminate the 40% run-cost claim, in which case the price cut would not reflect an actual reduction in the cost of running tasks.

## What to watch

- Independent cost-per-task reproductions on agentic coding suites, which will decide whether the 40% run-cost claim holds outside Anthropic's own harness.
- Whether OpenAI or Google responds with a price cut or a change to effort-tier pricing on their coding endpoints, the clearest sign that price, not capability, is now the active competitive axis.
- Whether removing usage caps on subscriptions strains Anthropic's serving capacity, which would show up as latency or throttling complaints from heavy agent users.