🤖Claude Haiku 5.5 Cuts Price 10x, but Tokenizer Bites Back
TL;DR
Simon Willison breaks down Claude Haiku 5.5: $0.10 per million input tokens and $0.50 output under 100K tokens, matching GPT-6 Luna. The catch is a tokenizer that uses about 1.25x more tokens and a 5x price jump past 100K.
Simon Willison breaks down Claude Haiku 5.5: $0.10 per million input tokens and $0.50 output under 100K tokens, matching GPT-6 Luna. The catch is a tokenizer that uses about 1.25x more tokens and a 5x price jump past 100K.

Key Points
Base price is about 10x below Haiku 4.5's $1 input and $5 output
Past 100K tokens the price rises to $0.50 input and $2.50 output; Willison calls Luna 'a much better deal' there
Reasoning cannot be turned off; effort levels run low to max, default medium
A max-effort SVG took 5 minutes 9 seconds and cost about 3.38 cents versus 7 seconds at low effort
Max plans get $100 to $200 a month in API credits, Team up to $500 pooled
Why It Matters
Headline price cuts hide tokenizer and long-context surcharges. Run your own prompts before switching, especially anything near 100K tokens.
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