Claude Fable 5 Pricing

The quick pricing reference for developers comparing Claude Fable 5 against older Claude models and other frontier systems.

Current public price

Input tokens$10 / 1MUseful for long prompts, codebases, documents, and agent context.

Output tokens$50 / 1MUsually the main driver for long reasoning, coding, and report generation.

Prompt caching90% input discountBest for repeated system prompts, repo context, and stable instructions.

US-only inference1.1xUse only when data-residency or policy requirements justify it.

Best next step

Use the calculator to estimate your own workload. For agent coding, model both a low-output and high-output scenario because output tokens can dominate cost.