Sonnet 5.5: a smaller cache-read line
On October 7, the direct Claude Platform cut Claude Sonnet 5.5 cache reads from $0.20 to $0.10 per million tokens. Input remains $2, output $10, five-minute cache writes $2.50 and one-hour cache writes $4 per million tokens. This is a cut to an existing model's cache-read rate.
For the same 100M cache-read tokens across requests, $20 becomes $10: a $10 saving on that component. An illustrative workload with 1M uncached input, 1M output and 100M cache reads costs $32 before and $22 now, excluding writes, tools and taxes. The whole invoice does not automatically halve.
Perplexity Agent still lists $0.20 for its Sonnet cache reads in the retained evidence. The direct-provider cut cannot be assumed on another platform. Haiku 5.5 is a separate new rate card, not a retroactive Haiku 4.5 cut.
Developers already using direct Sonnet 5.5 with repeated cached context. Check cache-hit volume and the actual provider before changing models. See Claude API rates.
Official October 7 release notes and Claude Platform pricing. Sources retained October 13, 2026.