Anthropic releases Claude Fable 5.2 at a 20% lower token price

Anthropic’s post puts the price at $8 per million input tokens and $40 per million output tokens (a token is a chunk of a word, the unit AI models bill by). The 5.1 models cost $10 and $50, The Decoder notes, so both list rates fall by a fifth, though what a user pays still depends on how many tokens a task burns. The company says output arrives up to 30% faster, and an optional fast mode costs twice the standard rate.

Fable 5.2 leads the intelligence index kept by the benchmark firm Artificial Analysis, scoring 65 points to Gemini 4 Carbon’s 60, The Decoder reports. Run at its highest setting, it costs an average of $26.50 a task on that index, about 2.6 times what Opus 5.5 costs. Anthropic still tells most users to start with Opus 5.5 for coding and knowledge work and to step up to Fable for ambitious, open-ended technical work.

On our price sheet, checked on 10 November, the $20 Pro card names no Fable access. The $100 Max and $200 Ultra cards include Fable for up to half of their weekly usage.

For a marketing team on Pro, the cheaper Fable changes little in the app: our sheet finds Fable named only on the $100 and $200 plan cards, and Anthropic itself points everyday work to Opus 5.5.