The Real Price Tag: Cheaper Cache Reads, Pricier Tasks
Anthropic's headline claim is that cache-read pricing for Fable 5.1 dropped 75%, to $0.25 per million tokens, translating into roughly 25% lower costs for typical workloads and up to 45% savings on heavily agentic tasks [1]. Independent benchmarking from Artificial Analysis complicates that story: Fable 5.1 actually costs $3.76 per Intelligence Index task - about 20% more than Fable 5, even after the cache-price cut [2]. A cheaper price list does not automatically mean a cheaper bill once total per-task cost is counted.



