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Claude Fable 5.1 vs Claude Fable 5

Claude Fable 5.1 is the cheaper option on input; Claude Fable 5.1 is cheaper on output. Figures below are per million tokens, from vendor pricing cited in our reporting.

 Claude Fable 5.1Claude Fable 5
Input per 1M tokens$10$10
Output per 1M tokens$50$50
Cached input per 1M$0.25$1
Context window—1M tokens
Parameters——
Licenceproprietary
Benchmark——
VendorAnthropicAnthropic
Released14 Sept 2026—

What the numbers say

Sources

Claude Fable 5.1 specs · Claude Fable 5 specs · Full price index